« previous next »

Author Question: What are the outcomes of the following games, assuming the max-min criteria is used? What will be ... (Read 39 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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Board games Board games
Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ... Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ...
Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ... Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ...
Criteria for Hospitalization for Feeding and Eating Disorders Criteria for Hospitalization for Feeding and Eating Disorders
Overview of the major events and outcomes of mitosis and meiosis Overview of the major events and outcomes of mitosis and meiosis
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 ...
Video: Hydrogen bonds vs. Ionic bond

For a complete list of videos, visit our video library