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Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
# define output#
Resilience in Addition to Strength: The BOP has been in overall surplus since 1996-97 with forex reserves rising, on an average, by $8.50 billion per annum during 1996-97 to 2
why risk averse consumers pay premium for insurance to convert an uncertain outcome to a certain one?
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector
Law of conservation of mass was proposed by Lavoisier & verified by Landolt. According to Law of conservation of mass law Matter is neither created nor destroyed in the course of c
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
What is the theory of second best? Prove the theorem with the help of a diagram
Volume of Trade: It relates to the size of international transactions. Since a large number of commodities enter in international transactions and their aggregate can be found
Nature of Expectations in Keynes' Theory : The above discussion on the nature of expectations in Keynes' theory may be summarised as follows: 1) In forming long-term expec
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