The United States Imports Most of Its Oil from These

question 55

Multiple Choice

The United States imports most of its oil from these countries

• A) Canada, Mexico, Nigeria and Venezuela.
• B) Iraq, Iran and Saudi Arabia.
• C) United Kingdom and Norway.
• D) Nigeria and Russia.

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Definitions:

Pure Strategy Equilibria

A game theory concept where each player chooses a single strategy that results in no player having an incentive to unilaterally change their choice.

Mixed Strategy

In game theory, a strategy in which a player employs a mix of actions with certain probabilities to make it impossible for opponents to predict their actions.

Payoff

The return or reward received by a participant in a game or transaction, often evaluated in terms of utility or financial gain.

Swerve

To change direction suddenly, often to avoid a collision or an obstacle.