Problems Associated with Gemstones and Precious Metals Such as Gold

question 23

Multiple Choice

Problems associated with gemstones and precious metals such as gold and diamonds would not be attributed to which of the following?

• A)They are often used to finance violent civil wars.
• B)They are often used to finance terrorism.
• C)Their extraction often involves slave labor and torture.
• D)Their extraction often involves environmental destruction.
• E)Their distribution to developed nations is often banned.

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Definitions:

Nash Equilibrium

A principle in game theory where each participant's tactic is the best given the tactics of others, and none of the players stand to benefit from altering merely their strategy.

Credible Threat

A declaration or action by a party that it will follow through with a particular response if certain conditions are met, believed to be feasible by the other party.

Warranty

A guarantee, typically made by a manufacturer or seller, to repair or replace a product within a specified period if it is found to be faulty.

Dominant Strategy

A strategy that always provides greater utility to a player, regardless of the opponent's strategy.