An Important Lesson That Derives from Prisoner's Dilemma Is That

question 24

Multiple Choice

An important lesson that derives from prisoner's dilemma is that

• A) individual rationality leads to collective irrationality.
• B) two wrongs do not make a right.
• C) absolute power corrupts absolutely.
• D) individual actors can control outcomes by their own decisions.

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Definitions:

Job Ghettos

Occupations or job sectors predominantly occupied by a particular minority or marginalized group, often characterized by low wages and limited advancement opportunities.

Entry-Level Positions

Jobs that are designed for new entrants to the workforce, requiring minimal prior experience and typically providing training.

Professionals

Are people with specialized knowledge acquired through extensive higher education. They enjoy a high degree of work autonomy and usually regulate themselves and enforce standards through professional associations.

Highly Regulated

Refers to sectors or activities governed by a comprehensive set of rules, standards, and supervision to ensure compliance and safeguard interests.