What is the Nash equilibrium of this game?
a. Cheat, Cheat
b. Not cheat, Not cheat
c. Sam cheats, Sarah doesn't
d. Sarah cheats, Sam doesn't
a
Economics
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The vicious circle of poverty is the trap that parents with low education tend to have children with low education
a. True b. False Indicate whether the statement is true or false
Economics
Some economists are concerned that the financial rescue provided by the TARP will encourage financial investors and firms to take on greater risks in the future. This is an example of:
A. moral hazard. B. adverse selection. C. a prisoner's dilemma. D. shadow banking.
Economics