In the Case Board of Trustees of the State University

question 68

Multiple Choice

In the case Board of Trustees of the State University of New York v. Fox, the Supreme Court discussed the test for judging commercial-speech regulation. Part of the test is:

• A) if the regulation has a "pernicious impact" on speech
• B) based on an inquiry into the intent of the U.S. Congress
• C) if the state has a substantial interest in the regulation balanced by the cost of the restriction
• D) balancing First Amendment rights against the overarching requirements of the Commerce Clause
• E) none of the other choices

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Definitions:

Strategic Behavior

Self-interested economic actions that take into account the expected reactions of others.

Dominant Strategy

A strategy that always results in the highest payoff for a player, regardless of the opponents' actions.

Nash Equilibrium

The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.

Repeated Games

A strategic situation in which the same game (a set of strategies and payoffs) is played multiple times, allowing for strategy evolution over time.