Scenario: Roger and Billy Are Two Colleagues Who Were Caught

question 63

Multiple Choice

Scenario: Roger and Billy are two colleagues who were caught by their boss for forging an important document together and have been taken to separate rooms for interrogation. They are told that if both of them confess their crime, they will be charged a fine of $2,000. If neither of them confesses, they will be fined $1,000 each. However, if one of them confesses while the other does not, the one who confesses will be set free but the other will be fined $3,000.
-Refer to the scenario above.Which of the following is true in equilibrium?

• A) Roger and Billy will each pay a fine of $1,000.
• B) Roger and Billy will each pay a fine of $0.
• C) Roger and Billy will each pay a fine of $3,000.
• D) Roger and Billy will each pay a fine of $2,000.

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Definitions:

Majority System

A voting system in which a candidate or proposition must receive more than half of the votes to win.

Electoral College Vote

A process used in the United States to elect the president and vice-president, where electors from each state vote based on the popular vote within their state.

Popular Vote

The total number of votes cast by citizens in an election, as opposed to electoral college votes or legislative votes.

American History

The study and account of past events, developments, and experiences in the United States from its founding to the present day.