1 answer

4.

Statement 1: "Internal labor markets make the most sense for firms during times of rapid technical change as this type of firm has greater access to employee with the constantly changing skills that are needed."

Statement 2: "Rapid promotions early on in an employees career provide good incentive to work hard in the early part of an employee's career in firms using the internal labor market approach."

Group of answer choices

Both statements are false.

Statement 2 is true, and 1 is false

Statement 1 is true, but 2 is false

Both statements are true

5.

Statement 1: "In a simultaneous choice game, it is often useful to imagine yourself in your opponent's situation and think about decisions that he/she would never make so that you don' have to worry about them."

Statement 2: "Sometimes when looking at a simultaneous choice game, there is no non-cooperative Nash equilibrium in mixed strategies, but you can always find one using pure strategies."

Group of answer choices

Statement 2 is true, and 1 is false

Both statements are true

Statement 1 is true, but 2 is false

Both statements are false.

6.

Statement 1: "In a sequential game it is sometimes an advantage to move second"

Statement 2: "The easiest way to solve many sequential games is to look at it from the last move and work backwards to the first move."

Group of answer choices

Both statements are true

Statement 1 is true, but 2 is false

Statement 2 is true, and 1 is false

Both statements are false.

7.

Question 71 pts

Statement 1: "One example of lowering consumer transaction costs is to make your product available to customers with a shorter wait in line than was previously necessary."

Statement 2: "In some circumstances lowering product quality can increase profitability."

Group of answer choices

Both statements are false.

Statement 1 is true, but 2 is false

Both statements are true

Statement 2 is true, and 1 is false

1 answer
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1 answer
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