Author Question: A game-theory explanation of the paradox that even though all countries would benefit if each chose ... (Read 109 times)

V@ndy87 · **on:** Jun 30, 2018

A game-theory explanation of the paradox that even though all countries would benefit if each chose free trade, in fact each tends to follow protectionist policies is

A) trade war.
B) collective action.
C) prisoner's dilemma.
D) benefit-cost analysis.
E) rent seeking.

Question 2

In the U.S., the following agencies have the right to examine the bank's books

A) Fed and the FDIC.
B) FDIC and the Office of the Comptroller of the Currency.
C) Fed and the Department of Commerce
D) FDIC, Fed and the Office of the Comptroller of the Currency.
E) Only the Fed.