The Indian National Congress, Founded in 1885, Was

question 20

Multiple Choice

The Indian National Congress, founded in 1885, was

• A) a good example of the rise of mass politics in Europe's new colonies, especially among the new working classes.
• B) an organization run by educated Indian elites who accepted aspects of British liberalism but occasionally challenged British rule.
• C) a revolutionary organization that demanded a "free India," including the removal of all British personnel and interests.
• D) an attempt by the British to offer the natives control of their own political system through self-rule.

Apply the concept of mixed strategies in games where uncertain outcomes influence player decisions.

Understand the Nash equilibrium concept and its application in strategic decision-making.

Analyze the impact of probability and strategic choices in game outcomes.

Calculate long-run equilibrium conditions in dynamic models.

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Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets including real property and intellectual property.

Economic Efficiency

The condition in which it is impossible to generate a larger welfare from the existing resources. In other words, the situation in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.

Environmental Regulation

Laws and rules that govern how individuals, companies, and governments interact with the natural environment to minimize harm and ensure sustainable development.

Property Rights

The legal rights to own, use, and dispose of assets, land, or property.