Ireland and England both fish in the Irish Sea. If this sea is over-fished, the fish stocks will fall and fish will eventually become extinct. Both countries have to decide whether to fish a lot or a little. The payoffs are given in the table below. The outcome of this game is ________ , which illustrates the _________ .
A. both countries choosing to fish a little, prisoners dilemma
B. both countries choosing to fish a lot, externalities
C. both countries choosing to fish a lot, prisoner's dilemma
D. both countries choosing to fish a little, externalities
C. both countries choosing to fish a lot, prisoner's dilemma
You might also like to view...
Explain the pros and cons of using the synthetic organic pesticide DDT against malarial mosquitoes
What will be an ideal response?
Insurance is a service sector that centers on the commodification of risk
Indicate whether the statement is true or false
A limestone that is metamorphosed becomes marble. Indicate whether the statement is true or false
Look ahead to the full-page photos at the beginnings of Chapters 5 and 6. Which features of these rock outcrops are similar? Which features are different?
If you were to take samples from these two outcrops and examine them closely, what would you look for to determine that one rock is sedimentary, whereas the other is metamorphic? What will be an ideal response?