Results of the Ultimatum Game

question 62

Multiple Choice

Results of the ultimatum game

• A)affirm the metaphor of the invisible hand.
• B)contradict the metaphor of the invisible hand.
• C)demonstrate that markets are generally inefficient.
• D)suggest that governments are unnecessary.

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Definitions:

Caterpillars

The larval stage of butterflies and moths, known for their voracious appetite before transitioning into pupae.

Sufficient Condition

A condition or set of conditions that, if met, guarantees that a certain state or event will occur, though it may not be necessary for the occurrence.

Causal Factor

A condition or event that directly influences the occurrence of another event or condition, serving as its cause.

Necessary Condition

A condition that must be present for an event or action to occur.