MATCHING Complete the Following Using the Terms Listed

question 91

Multiple Choice

MATCHING
Complete the following using the terms listed.
-The _____was established by ???industrialized nations to help fund projects to improve the infrastructure of developing nations.

• A)embargo
• B)balance of trade
• C)joint venture
• D)dumping
• E)import
• F)tariff
• G)International Monetary Fund
• H)World Trade Organization
• I)multinational corporation (MNC)
• J)devaluation
• K)exchange rate
• L)absolute advantage
• M)trade surplus
• N)quota
• O)World Bank
• P)balance of payments
• Q)comparative advantage

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Definitions:

Nash Equilibrium

A concept within game theory where each player's strategy is optimal, given the strategies of other players, and no player has anything to gain by changing their own strategy alone.

Dominant Strategy

A strategy in a game theory context that is best for a player regardless of what strategies other players choose.

Nash Equilibria

Situations in a strategic game where no player can benefit by changing their strategy while the other players keep theirs unchanged.

Stable

In an economic context, it refers to a situation or condition that is not significantly changing or is predictable and thus not subject to rapid fluctuations.