To Economists, a Game Is

question 139

Multiple Choice

To economists, a game is:

• A)any situation involving at least two players in which one player's outcome depends on another player's choices.
• B)a trivial pursuit that should not be used to analyze the economy or its actors.
• C)a way to simplify and eliminate strategic situations, like war between nations.
• D)All of these statements are true.

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Definitions:

Net Fixed Assets

The value of all fixed assets (like property, plant, and equipment) minus any accumulated depreciation.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term and long-term obligations.

External Financing Need

The gap between the funding a firm needs for its operations and investments, and the amount it can generate internally, implying the need to seek external funding.

Projected Growth Rate

An estimate of the rate at which a company's earnings or revenues are expected to grow in the future.