What islands does China claim in the South China Sea?
a. The Spratly Islands.
b. The Ryuku Islands.
c. The Greater and Lesser Tunbs.
d. Senkaku Islands.
a. The Spratly Islands.
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According to the text, Thomas Hobbes and David Hume
a. agreed with John Locke about natural law. b. were skeptical of human reason. c. did not think that people were passionate enough about freedom. d. were influenced by the thinking of James Madison. e. were influenced by the thinking of Alexis de Tocqueville.
Which of the following is not a responsibility of the Texas commissioner of agriculture?
A) Checking the accuracy of scales in meat markets. B) Administering the Texas Agricultural Finance Authority. C) Conducting research, educational, and regulatory activities relating to agriculture. D) Coordinating pesticide management policies and programs.
What is (are) the expected outcome (outcomes) of the game?
In 2006, there were a number of media reports about the next generation of DVD players, which produce much clearer picture and sound than that produced by current machines. However, there are two competing formats, Blu-ray (Sony) and HD DVD (Toshiba). Both are affiliated with certain movie studios, which have agreed to release their movies in one or the other of the new formats. This creates a problem for the producers of this new technology—they all want their own version to win out, but by competing they make it entirely likely that most consumers will sit back and wait until (a) one of the formats is a clear winner or (b) a newer, even better, method of supplying movies is developed by someone else. If the latter happens, both Sony and Toshiba lose out.
Imagine that both companies have developed a new product, but with different formats. If one of the companies would be willing to switch quickly (assume that copyright laws would allow it to produce something similar), that company would lose some time and market share but be able to get into the market. Consumers would be more willing to buy the new technology, and both companies would make more money. If neither company is willing to coordinate with the other, they end up in a war of attrition, with fewer customers. This is shown in the game below.
A. Because there was only one Nash equilibrium, I would expect both players to choose the strategies that constitute that equilibrium.
B. Because there was more than one Nash equilibrium, it is difficult to say what the actual outcome of the game would be.
American political culture revolves most strongly around
a. a desire to control immoral behavior. b. guarantees of absolute equality. c. individualism. d. high levels of political activism. e. unquestioning acceptance of social controls.