The prisoners' dilemma game
a. provides insight into why cooperation is individually rational.
b. provides insight into why cooperation is difficult.
c. is a game in which neither player has a dominant strategy.
d. is a game in which exactly one of the two players has a dominant strategy.
b
You might also like to view...
You are made better off in which of the following situations?
A) you borrow $10,000, you earn income in pesos, the dollar depreciates against the peso, you must pay back the loan in dollars B) you borrow 10,000 pesos, you earn income in pesos, the dollar depreciates against the peso, you must pay back the loan in pesos C) you borrow $10,000, you earn income in pesos, the dollar appreciates against the peso, you must pay back the loan in dollars D) you borrow 10,000 pesos, you earn income in dollars, the dollar depreciates against the peso, you must pay back the loan in pesos
"Household production" refers to
A) goods and services people produce for themselves. B) the manufacturing of durable household products. C) home-based craft businesses. D) the home building sector of the economy.
What is human capital and why is it crucial to expand human capital as part of the development process?
What will be an ideal response?
A temporary supply shock, such as a bumper crop, would
A) shift the FE line to the right and leave the IS curve unchanged. B) shift the FE line to the left and shift the IS curve up and to the right. C) shift the FE line to the left and leave the IS curve unchanged. D) have no effect on the FE line.