In Game Theory ?

Related Mcqs:

1. A model of Game theory of oligopoly is known as the ?

   A. Prisoner’s Dilemma
   B. Monopoly Cell
   C. Jailhouses Sentences
   D. Jury Box

2. Suppose you find Rs 20. If you choose to use the Rs 20 to go to a football match your opportunity cost of going to the game is ?

   A. nothing because you found the money.
   B. Rs20 (because you found the money Rs 20 to buy other things) plus the value of your time spent at the game.
   C. Rs 20 (because you could have used the Rs 20 to buy other things) plus the value of your time spent at the game plus the cost of the dinner you purchased at the game.
   D. Rs20 (because you could have used the Rs20 to buy other ghings)
   E. None of these

3. The prisoners Dilemma Game demonstrates that ?

   A. players are better of to act independently
   B. monopoly is better than competition
   C. people will always cheat
   D. players are better off if they co-operate

4. In the ultimatum game, what split would be rational for both the person proposing the split and the person who must accept or reject the split ?

   A. There is no rational solution
   B. 75/25
   C. 99/1
   D. 1/99
   E. 50/50

5. Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?

   A. A free market is necessary for economic growth and stability
   B. Regulation is necessary for economic growth and stability
   C. Active government intervention is necessary to ensure economic growth and stability
   D. Government intervention is not necessary to ensure economic growth and stability

6. Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?

   A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
   B. The classical model to explain the prolonged existence of high unemployment during the Great Depression
   C. fine tuning during the 1960s
   D. the economy to grow at a rapid rate during the 1950s

7. In the kinked Demand Curve theory it is assumed that ?

   A. An increase in price by the firm is not followed by others
   B. An increase in price by the firm is followed by others
   C. A decrease in price by the firm is followed by others
   D. Firms collude to fix the price

8. The Kinked Demand curve theory assumes ?

   A. Firms cooperate
   B. Firms act as part of cartel
   C. Firms are competitive
   D. Firms are not profit maximisers

9. In the Kinked demand curve theory ?

   A. There is a kink in the marginal cost curve
   B. Demand is price inelastic
   C. Demand is price elastic
   D. non-price competition is likely

10. Which theory of economic management focuses on encouraging product through tax reduction ?

    A. Liberalism
    B. Free market economics
    C. Supply-side economics
    D. Supervised market