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

Author Question: What is a zero-sum game? Explain with an example. What will be an ideal ... (Read 10 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
What is a zero-sum game? Explain with an example.
 
  What will be an ideal response?

Question 2

Legislation setting high minimum wage rates benefits
 
  A) many people receiving wages far above the minimum by reducing competition from unskilled workers.
  B) no group in the economy, but is nonetheless widely supported out of ignorance.
  C) only people who were previously receiving less than the legal minimum.
  D) primarily teenagers and unskilled workers.
  E) the whole economy by pushing up average income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dudman123

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

A zero-sum game is one in which one player's gain is another player's loss, so the sum of the payoffs is zero. A game of poker is an example of a zero-sum game because in this game, one player's loss is another player's gain.

Answer to Question 2

A


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
A football game, in 1879, pits Yale against Princeton. The field was not lined or bounded, and play A football game, in 1879, pits Yale against Princeton. The field was not lined or bounded, and play
Which aspect of executive functioning is required to play the game of “Simon Says,” in which ... Which aspect of executive functioning is required to play the game of “Simon Says,” in which ...
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Video: ribosome

For a complete list of videos, visit our video library