« previous next »

Author Question: What are the outcomes of the following games, assuming the max-min criteria is used? What will be ... (Read 37 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
What are the outcomes of the following games, assuming the max-min criteria is used?
 
  What will be an ideal response?

Question 2

When Norway unilaterally fixes its exchange rate against the euro and leaves the krone
 
  A) free to float against the non-euro currencies, it is able to keep at least some monetary independence.
  B) free to float against the non-euro currencies, it is unable to keep at least some monetary independence.
  C) free to float against the non-euro currencies, it is able to keep its monetary independence.
  D) run by crawling peg against the non-euro currencies, it is able to keep at least some monetary independence.
  E) fixed against the non-euro currencies, it is unable to keep its monetary independence.


k2629

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

There are two equilibria in this game, in which one regime uses a somewhat restrictive policy, while the other uses a very restrictive policy.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Examples of criteria for reporting and recording Examples of criteria for reporting and recording
Board games Board games
Criteria for Hospitalization for Feeding and Eating Disorders Criteria for Hospitalization for Feeding and Eating Disorders
Geese continued to follow a human around assuming their actual mothers Geese continued to follow a human around assuming their actual mothers
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
The possible outcomes of acute inflammation The possible outcomes of acute inflammation
Video: The Vestibular System

For a complete list of videos, visit our video library