Section A a. Explain the concept of dominant strategy equilibrium. 1. http://tuvalu.santafe.edu/~jkchoi/game4.pdf 2. http://econweb.umd.edu/~borowitz/dominant_strategy_equilibrium.pdf b. Discuss the concept of Nash equilibrium. 1.http://www.economics.utoronto.ca/osborne/igt/nash.pdf 2. http://www.columbia.edu/~rs328/NashEquilibrium.pdf c. Is every dominant strategy equilibrium a Nash equilibrium? 1. http://economics.fundamentalfinance.com/game-theory/nash-equilibrium
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Chapter -1 1. The study of microeconomics includes the study of - Output and employment growth as markets expand in reaction to a rising price level in the economy. - Business investment and government spending in the marketplace. - The number of new jobs and income created as the economy grows. - How firms‚ workers‚ consumers‚ and investors interact and make decisions in the marketplace. Microeconomics is the study of the behavior of individual economic units: consumers‚ firms‚ workers
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What is the connection between Shay’s Rebellion‚ Articles of Ghena Al khalaf 10C Confederation‚ and US Constitution? The Articles of Confederation‚ Shay’s Rebellion‚ and the American Constitution all played a major role in American history and shared a connection. The Articles of Confederation were a limited government‚ established in 1782‚ that governed the United States and were later replaced by the US Constitution after Shay’s Rebellion. The occurrence
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Question Analyze the degree to which the Articles of Confederation provided an effective form of government with respect to any two of the following Foreign relations‚ economic conditions‚ western lands Warrant The Articles of Confederation were designed to offer Americans the protection of a government without the tyranny associated with George III. During the time period in which they were in use‚ their effectiveness was tested through events dealing with foreign relations‚ economic conditions
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ARTICLES OF CONFEDERATION vs. THE CONSTITUTION There are major differences between the Articles of Confederation and the Constitution. The Articles of Confederation had been in effect sine 1781. They established what could be referred to as a "league of friendship" and a quasi-constitution for the states that were sovereign and independent subsequent to the American Revolution. Those articles appeared to be "woefully inadequate" to James Madison. Madison believed that the central government
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to unite the former colonies by blueprinting‚ The Articles of Confederation. The Founding Fathers decided there needed to be a centralized governing body in the center of the colonies‚ but it couldn’t be too influential because they were relinquishing away from a state that felt too powerful. Also‚ the Framers created a Confederation of States in which individuals would be representatives of the states. However‚ it was evident that the Articles of Confederation didn’t stipulate enough power to
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US History. A few of the main things I remember are the basic things such as The US Constitution has seven articles and 27 amendments. The seven articles took effect in 1789. The 27 amendments were added during 1791 to 1992. And the biggest thig I remember is that in 1791 the first ten amendments were passed and are referred to as “the bill of rights.” The first seven articles within the constitution define the powers of Congress‚ and the legislative branch. When you read through this
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Research and discussion of press article About the article | Title of the article : Extension Responds: Katrina’s aftermath : How Hurricane Katrina will affect energy and fertilizer costs? | Source (Newspaper) and link to the article : University of Wisconsin-Madison/Extension http://www.uwex.edu | Summary of the article :In 2005 Hurricane Katrina caused massive shortage on natural gas and fuel in the USA.Due to the location of the hurricane in southern USA‚ agricultural shipping‚ fuel production
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The Constitution was signed on September 17‚ 1787 after several failed attempts of creating a set of laws that was to replace the Articles of Confederation. The Articles of Confederation needed to be replaced because it caused many issues between the states and the federal government. The states had too much independence‚ while the federal government had little power over them. In 1789‚ delegates from each state‚ excluding Rhode Island‚ met in Philadelphia at the Constitutional Convention
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Essay on the Seventeen-Article Constitution Prince Shotoku Taishi author of The Seventeen-Article Constitution has outlined how he feels his people should live. He gives advice on what is honorable and what will make the country succeed as a whole. Although not used in the modern day people followed it until it was replaced in 1890. The first four articles seem to order the people on what to treasure and value. The constitution also warns the people on what would happen if they ever disobeyed
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