What is (are) the Nash equilibrium (equilibria) of the game?
A. Reduce Tariffs; Reduce Tariffs
B. Reduce Tariffs; Impose Tariffs
C. Impose Tariffs; Reduce Tariffs
D. Impose Tariffs; Impose Tariffs
E. there is no Nash equilibrium
D. Impose Tariffs; Impose Tariffs
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Which of the following groups might want to use the Freedom of Information Clearinghouse as a resource?
a. citizens who want to access Federal Bureau of Investigation files about themselves b. researchers who want to investigate cases that have involved government secrets c. government officials who want to find out what citizens would like to see accomplished d. citizens who want to become more involved in public policy issues
For a bill to reach the senate floor, a two-thirds support is needed from the senate members
Indicate whether the statement is true or false.
The island country of Bela Norte is highly skilled at fishing. The country also produces furniture made from domestic hardwoods, as well as pottery from local clay, but fishing is the country’s most productive industry. According to the theories of Adam Smith and David Ricardo, the most efficient way for Bela Norte to create wealth is to ______.
a. equally divide its efforts between fishing, furniture making, and pottery b. invest all resources into furniture making and pottery c. devote all of its resources to fishing and import everything else d. stop producing goods and import everything
The population in a country living in extreme poverty is best captured by the ______.
A. Gini Index of Inequality B. Human Development Index C. Purchasing Power Parity D. Poverty Headcount Ratio