This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain what is meant by the term coordination failure and provide an example. What will be an ... (Read 59 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
Explain what is meant by the term coordination failure and provide an example.
 
  What will be an ideal response?

Question 2

If a country adopts another country's currency, it is called
 
  A) dollarization.
  B) a crawling peg.
  C) a dirty float.
  D) monetary order.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

This is a state of affairs in which agents are unable to coordinate their efforts, and hence end up in an equilibrium that leaves them worse off than they would be if they were able to coordinate. There are several examples offered in the text, or the students may come up with their own.

Answer to Question 2

A


HCHenry

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jun 30, 2018
Thank you :)


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Long-Term Potentiation Long-Term Potentiation
Associative Long-Term Potentiation Associative Long-Term Potentiation
Growth of Dendritic Spines After Long-Term Potentiation Growth of Dendritic Spines After Long-Term Potentiation
PEPCK isozymes provide alternative routes to PEP and cytoplasmic reducing equivalents PEPCK isozymes provide alternative routes to PEP and cytoplasmic reducing equivalents
Full-term Twin Full-term Twin
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library