A yield sign.
Yes.
When a light is not being controlled (it might be broken or nighttime), one direction flashes yellow while the other flashes red. The yellow light should be interpreted as a yield sign and the red light should be interpreted as a stop sign.
Let's identify first what a Yield sign is. The Yield sign is the only sign on the road (US) that is in the shape of a upside-down triangle with rounded corners, similarly to the stop sign, the stop sign is the only sign on the road that's in the shape of a octagon (has 8 sides). You'll usually see a Yield sign at an intersection, for instance traffic circles. You're not required to stop at the yield sign but you can if you have too to give way to traffic that doesn't have to stop period. Yield signs are not a sign that you blow through. The yield sign means that "You're not required to stop, but you don't have the right-of-way at this intersection." The yield sign is also less restrictive than the stop sign, you still have to give the right-of-way to other traffic, but you're not required to stop at a yield sign.
Inverted triangle, with red as the primary and white as a secondary colour.
They are often white, although some are red (stop and yield signs).
When a traffic light blinks red it means 'yield,' so proceed as if it were a four way stop sign. I've never heard of one blinking only yellow.
They are often white, although some are red (stop and yield signs).
You need to yield the right-of-way to the cross traffic
The Yield traffic sign is intended to represent to a driver who has the clear path to continue through an intersection first. It's intended to mean that a driver must yield to oncoming traffic from his or her right side. Yielding means allowing that incoming driver to go first. This is the concept known as right of way and the yield sign is supposed to mean that everyone can drive more safely within an orderly traffic system.
A driver should yield the right-of-way to pedestrians:
International Yield Sign It is triangle in a red backround but varies slightly from country to country check the below link to see pictures. http://jmsapaula.blogspot.com/2008/05/yield-sign.html