The reason that the prisoner's dilemma presents a dilemma is that:
A. each player has an incentive to play his or her dominant strategy, but when both choose the dominant strategy each player has a lower payoff than if they both had chosen the dominated strategy.
B. neither player has a comparative advantage, so neither can infer what the other player will choose.
C. each player has an incentive to play his or her dominated strategy, but when both choose the dominated strategy each player has a lower payoff than if they both had chosen the dominant strategy.
D. the market cannot be in equilibrium because the players do not have dominant strategies.
Answer: A
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The table gives data for a nation. What is the amount of the country's GDP?
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A. Increasing the size of the union B. Increasing union income C. Increasing wages of union members D. Increasing wages of nonunion members
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