Tranh owns a home with a fixed-rate mortgage. unfortunately, the real estate market has a downturn, and his home is now worth less than he owes on the mortgage. in addition, tranh is laid off from his job. rather than go through the time and cost of a foreclosure, the bank gives tranh permission to sell the property for the market value and agrees to forgive the balance of the loan. this is called:

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

In macroeconomics, to study the aggregate means to study blank

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.