A Group of Students Is Enrolled in Both a Math

question 87

Multiple Choice

A group of students is enrolled in both a math class and a psychology class. The teacher of each class wants to design the course to maximize the amount of study time students devote to the class that teacher is teaching. If both teachers develop their course syllabi without consulting the other and publish them on the first day of class, this scenario is closely related to a _____ game.

• A) sequential-move
• B) positive-sum
• C) simultaneous-move
• D) monopoly

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Definitions:

Fuel Economy Standards

Regulations set by the government to improve the average fuel efficiency of cars and light trucks.

Market Economy

A system where the prices of goods and services are determined by supply and demand, rather than by government intervention.

Employment Discrimination

Unfair treatment of employees based on race, gender, age, religion, nationality, disability, or sexual orientation rather than job performance or qualifications.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of involuntary unemployment.