How do Washington policy makers try to solve the prisoner’s dilemma of fixing entitlements?
What will be an ideal response?
Bipartisan commissions that allows the two players to communicate and make a credible commitment for following through on reform.
You might also like to view...
When the U.S. Central Intelligence Agency engineered the 1954 coup against the leader of Guatemala, a sovereign country, it did so with _____________, but not _______________
a. power, authority b. popular support, authority c. multilateral support, United Nations authorization d. United Nations backing, popular support
In the game, do the players (Sony and Toshiba) move simultaneously or sequentially?
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. Simultaneously
B. Sequentially
After citizens began to take action with events such as the Montgomery Bus Boycott, what reaction did the executive and legislative branches of government have in response?
a. They became more directly involved. b. They became even less involved. c. They seemed indifferent. d. They urged the Court for more decisions.
The oldest city known to archeologists emerged in human history
a. 50,000 years ago. b. 10,000 years ago. c. in 3500 B.C.E. d. in 350 B.C.E.