The Prisoner's Dilemma Involves Two Spies Who Are Held in Separate

question 17

Multiple Choice

The Prisoner's Dilemma involves two spies who are held in separate soundproof rooms.But even if the two spies could communicate,what makes it difficult for them to achieve the cooperative solution (both not confessing) ?

• A) The problem is their lack of information.
• B) The problem is that it is a nonzero sum game.
• C) The problem is that both spies have incentives to double cross each other.
• D) The problem is that all the outcomes are not particularly good for either player.

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Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and liquid assets.

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Economists from the 18th and 19th centuries who focused on free markets, supply and demand, and the idea of self-regulating economies.

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