In the Prisoner's Dilemma,if Both Prisoners Confess,each Will Get a ________;If

question 95

Multiple Choice

In the Prisoner's Dilemma,if both prisoners confess,each will get a ________;if neither confesses,each will ________.

• A)moderate sentence;get a light sentence
• B)severe sentence;get a light sentence
• C)severe sentence;get a moderate sentence
• D)moderate sentence;get a severe sentence

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Definitions:

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time frame.

Government Policy

The set of laws, guidelines, regulations, and actions adopted by a government to influence economic or social outcomes within the country.

Price Control

Government-imposed limits on the prices that can be charged for goods and services, typically used to curb inflation or prevent shortages and surpluses.

Price Floor

A government or regulatory minimum price set above the equilibrium price, preventing market forces from reducing prices below that level, often applied to agricultural products.