A tit-for-tat strategy starts out
a. conciliatory and then encourages an optimal social outcome among the other players.
b. unfriendly and then encourages friendly strategies among players.
c. friendly, then penalizes unfriendly players, and forgives them if warranted.
d. aggressive, then compensates losing players, and eventually forgives unfriendly players.
c
You might also like to view...
Referring to a production possibilities curve and the goods being compared, depict the economic event. The SARS epidemic spreads rapidly throughout Toronto, Canada claiming millions of lives (capital vs. consumer goods).
A. A movement from a point inside the curve to a point on the curve B. A movement from a point on the curve to a point inside the curve C. A shift in the entire curve to the right (outward) D. A shift in the entire curve to the left (inward)
For many consumption activities — skiing, for example — the activity becomes more enjoyable as the consumer becomes more experienced
Assuming that "training consumption" is inexpensive relative to "proficient consumption," do such activities make it more or less likely that a borrowing constraint will be binding?
Which of the following is correct? Investment tax credits
a. can increase investment, but stimulating investment is not a key to ending a recession. b. can increase investment, which is a key to ending a recession. c. can not increase spending on investment goods, but stimulating investment is not a key to ending a recession. d. can not increase spending on investment goods, but stimulating investment is a key to ending a recession.
The producer price index measures the prices that firms
A) pay for imported natural resources that go into the production process. B) receive for the goods and services they export. C) receive for the goods and services they use at all stages of production. D) pay for labor, whether or not the labor is foreign or domestic.