In the prisoners' dilemma game, each player
A) has only one possible strategy.
B) can choose from two strategies.
C) can choose from three strategies.
D) can choose from four strategies.
B
Economics
You might also like to view...
Estimating the value of an injured or deceased person's life by calculating what he or she would have earned over the remainder of his or her life is called the
A) compensating differential approach. B) death-and-taxes approach. C) lost-income approach. D) earnings-bracket approach.
Economics
Which of the following labor market statistics best indicates the amount of labor that is available to the economy from a given working-age population?
A) labor force participation rate B) unemployment rate C) discouraged-worker ratio D) the ratio of minimum wage to inflation
Economics