The Table Below Shows the Number of Years of Jail

question 20

Multiple Choice

The table below shows the number of years of jail time that two burglars, Alf and Doug, will receive, depending on whether each decides to confess and implicate his partner, or to remain silent.

$\begin{array}{}& \text {Doug's Strategies }\\ \text {Alf'sStrategies }&\begin{array} { |l|c|c| } \hline & \text { Confess } & \begin{array}{c}\text { Don't } \\\text { Confess }\end{array} \\\hline \text { Confess } & \begin{array}{c}\text { Doug: 4 } \\\text { A.f: } 4\end{array} & \begin{array}{c}\text { Doug: } 9 \\\text { A.f: 0 }\end{array} \\\hline \text { Don't } & \text { Doug: 0 } & \text { Doug: 1 } \\\text { Confess } & \text { Alf: } 9 & \text { A.f: 1 } \\\hline\end{array}\\\end{array}$
-The available strategies in the table exhibit the prisoner's dilemma because if the prisoners:

• A)independently pursue their own self interest they will end up being set free
• B)independently pursue their self-interest, their actions will be self-defeating, relative to other strategies they could have chosen instead
• C)cooperate, their actions will be self-defeating
• D)each pursue different actions, with one confessing and the other remaining silent, they will both be better off than otherwise
• E)try to escape, they will be caught

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Definitions:

Reagan Administration

The executive branch of the U.S. government led by President Ronald Reagan from 1981 to 1989, known for its conservative policies, including tax cuts and deregulation.

Fiscal Policy

Governmental actions related to changes in taxation and spending levels intended to influence economic activity.

Business Cycle

The natural rise and fall of economic growth that occurs over time, consisting of periods of expansion, peak, contraction, and trough.

Fiscal Year

A government's or organization's financial year used for accounting purposes, which may not necessarily align with the calendar year.