The Table Above Shows the Payoff Matrix for a Prisoners

question 136

Multiple Choice

The table above shows the payoff matrix for a prisoners' dilemma game. The Nash equilibrium is that

• A) both prisoners confess.
• B) both prisoners do not confess.
• C) prisoner A confesses while prisoner B does not confess.
• D) prisoner A does not confess while prisoner B confesses.

Explain the ecological fallacy and exception fallacy in the context of racial and ethnic generalizations.

Appreciate the diversity within and among ethnic and racial groups, avoiding overgeneralizations.

Understand the historical context of racial and ethnic discrimination in Canada, including immigration policies and specific instances of institutional discrimination.

Recognize the theories explaining the origins and perpetuation of prejudice and discrimination.

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Definitions:

Equilibrium GDP

The level of Gross Domestic Product at which aggregate supply equals aggregate demand, indicating a stable economy.

Full Employment GDP

Full Employment GDP is the output level produced by an economy when all its labor and resources are employed at their maximum efficiency.

Multiplier

refers to a factor by which an initial change in spending will ultimately change the total economic output more than the initial amount.

Multiplier

In economics, a factor by which an initial change in spending will alter total economic output due to follow-on effects.