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242s02x2 - ECONOMICS 242 SECOND MIDTERM SPRING 2002 PLEDGE...

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ECONOMICS 242 SECOND MIDTERM SPRING 2002 PLEDGE:____________________________ NAME:______________________________ Multiple Choice and Short Answer Questions: 1. (3) A doomsday device is an example of: a. An unconditional strategic move. b. Compellence. c. A promise. d. A threat. 2. (3) A promise to give the college $10,000 in ten years is worth _____ to the college today if the interest rate is 10%. 3. (3) True or False: Compellence must have a deadline or it is pointless. 4. (5) Garrett Hardin claims that the “freedom to breed is intolerable.” He compares human procreation to what (standard) game? 5. (5) Hardin’s paper is titled the “Tragedy of the Commons.” What is the commons? 6. (5) What is the tragedy in the “Tragedy of the Commons”?
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7. (3) True or False: If the interest rate is greater than 1, then a person would prefer one dollar today to one dollar next year. 8. (3) Cortés’ action upon landing in Mexico is an example of:
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