Question
What is the probability that the cards drawn contains
exactly 2 purple card?Solution
Probability of getting exactly 2 purple card = 7C1 × 5C2 = 70 Probability of drawing three cards = 12C3 = 220 ∴ Required answer = 70/220 = 7/22
Consider a bargaining game:
Find pure strategy Nash equilibrium.
The devaluation of a country’s currency will lead to an improvement in its balance of trade with the rest of the world only if
The correlation coefficient between X and -X is:
According to the Taylor principle, for inflation to be stable, the central bank must respond to an
increase in inflation with...
GNP exceeds NNP by:
Factor endowment theory is also known as
a. Modern theory of international trade.
 b. Classical theory of...
When a firm operates with excess capacity
The velocity of money is
Which labor market outcome is consistent with the Efficiency Wage Theory?
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