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what is ‘Dominance’ in IR Theory? Instruments of dominance? Concept of ‘Soft Power’?
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- To what extent can Porters Theory of Competitive Advantage be used to explain growth and development in the Caribbean region?Describe the Cournot and the Bertrand models. Discuss the main critics to both models.One of the methodological problems of comparative case study is called . Select one: a. diminishing returns b. spurious correlation c. ladder of abstraction d. selection bias e. empirical relationship Which of the following is consistent with what political scientists mean when they say the modern state exerts a monopoly on force? Select one: a. Only the state exerts violence in modern societies. b. Nobody knows about violence in pre-modern states. c. Force not authorized by the state will likely be criminalized. d. Modern states are non-violent and there was no war. e. Internal violence was as pandemic as wars between states. What are some common features of post-colonial states? One of the differences between hypothesis and theory is . Select one: a. that hypothesis contains an explanation, while theory doesn’t b. that hypothesis has a set of assumptions, while theory doesn’t c. whether they are directly testable or not d. that hypothesis is always well-grounded…
- Describe the four fundamental principles of integrative negotiation.Explain how the military arms race between the United States and the former Soviet Union had the same formal structure as a prisoner's dilemmaAs the number of firms in an oligopoly industry decreases, the market moves closer to a __________ market. Over the last 60 or so years, the percentage of women with paid jobs has increased significantly. Is this increase in female employment associated with an increase in the demand for labor, or is it associated with an increase in the supply of labor? How does increased immigration affect the labor market? How would the equilibrium wage and the equilibrium quantity of labor be affected?
- Subject: Manegerial economics & policy Consider the following payoff matrix in which firms choose their capacity, either high or low. Suppose firm C has the ability to move first à What will be D’s move? Company C High Q Low Q Company D High Q (D) 50/50 (C) (D) 200/75 (C) Low Q (D) 75/200 (C) (D) 100/100 (C)Is it beneficial for the country as a whole for individualU.S. states to compete with one another to attractcompanies? Why or why not? (Offering tax breaks inexchange for building new facilities is a common tactic thatstates use to attract commercial investment, for example.)Consider the following 3-players version of the war of attrition. All three players can stay and compete to get a reward that has a value V. Each player pays 1 for each unit of time he/she stays. The winner that gets the reward is the last to quit. If several agents are the last to stay and they quit at exactly the same time, the reward is given to one of them following a fair lottery (each of them has the same probability to get the reward). In the first round, each player chooses her/his first exit time, 0 ≤ xi < ∞, and the player with the lowest value, xmin, pays xmin and quits. The other two players also pay xmin, but they continue to the second round. If several players try to quit together at xmin, only one player actually quits, and that player is determined in a lottery in which each of the players that try to quit at xmin have the same chance. The second round is the usual 2-players war of attrition, where each of the remaining two players chooses her/his exit time 0 ≤ yi…
- Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator, who chooses the best proposal (effectively giving one side or the other $5 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of $200,000) who is effective at preparing the proposal in the best light. If neither hires a lawyer or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win nine tenths, or 0.9, of the time. Use the given information to fill in the expected payoff, in dollars, for each cell in the matrix. (Hint: To find the expected payoff, multiply the probability of winning by the dollar amount of the payoff. Be sure to account for lawyer costs, which are incurred with certainty if a lawyer is hired.) Management (M) No Lawyer Lawyer Labor (L) No Lawyer L: , M: L: , M: LawyerL: , M: L: , M: The Nash equilibrium for this game is for…Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator who chooses the best proposal (effectively giving one side or the other $2 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of $400,000) who is effective at preparing the proposal in the best light. If neither hires lawyers or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win three-quarters of the time. a. Diagram this simultaneous-move game. b. What is the Nash equilibrium of the game? c. Would the sides want to ban lawyers?Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator, who chooses the best proposal (effectively giving one side or the other $2 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of $300,000) who is effective at preparing the proposal in the best light. If neither hires a lawyer or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win four fifths, or 0.8, of the time. Use the given information to fill in the expected payoff, in dollars, for each cell in the matrix. (Hint: To find the expected payoff, multiply the probability of winning by the dollar amount of the payoff. Be sure to account for lawyer costs, which are incurred with certainty if a lawyer is hired.) Management (M) No Lawyer Lawyer Labor (L) No Lawyer L: , M: L: , M: Lawyer L: , M: L: , M: The Nash…