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The strategies adopted by country to tackle COVID 19 (Hint: you can explain suppression strategies, lockdowns, social distancing etc)
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- A counselor claims that a new method of conflict resolution is less prone to interruption than an old method. Prior experience suggest that clients interrupted each other average of an 10 times per session. A drug company claims that a single dose of a new drug relieves symptoms for a longer period of time than the current formulation. The current formu- lation relieves symptoms for eight hours, on average. Americans gain an average of one pound per year as they age between the ages of 25 and 45. A public health campaign aims to decrease the amount of weight gained during this interval.Using economic reasoning, why are wearing masks important during this COVID 19 pandemicPiracy, the unauthorized use of IPR, is a critical issue in the entertainment industry. Several file-sharing services—USENET, BitTorrent, and Limewire—enable users to download movies, TV programs, and music virtually for free. A predominant way in which firms have taken action against file-sharing is through Digital Rights Management (DRM), which includes several technologies that curb the usage of digital content. DRM has been the object of severe criticism, targeted for everything from harming legitimate users to preventing viral marketing and presenting a powerful obstacle to free trade. What is worse is that most DRM systems have been cracked quite easily. Considering both the ease of piracy and the relative failure of preventive measures, how should media firms safeguard their IPR and secure their profitability? Should they seek other IPR technologies? Should they aggressively seek and bring offenders to trial? Or are there ways in which firms can make profit while allowing open…
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- The mayor of Green City is considering whether to institute a Covid vaccine mandate for public employees. The fire chief opposes vaccination, and has threatened to resign if a mandate is instituted. The mayor believes that instituting a mandate is critical to getting Covid under control, and thus not instituting the mandate would costs the city -50 utility. However, the fire chief is critical to maintaining public safety. If the fire chief resigns, it would cost the city 75 utility. The fire chief believes a mandate would be an invasion of his personal freedom, costing him 20 utility. The mandate only impacts the fire chief if he does not resign. However, resigning his job as fire chief would cost him 40 utility. Draw this game. Identify how many subgames it contains. Then, solve the game to find all subgame perfect Nash equilibria.Define horizontal communication with example ?An IGO is _______. Question 3 options: an organization that limits the power of multinational corporations an organization created by at least three nation-states an organization designed to restructure former colonies an organization designed to help define national borders
- The US and Russia have signed a nuclear no-proliferation agreement to limit arms race. Each country can cooperate or defect now. If both cooperate, their payoff is 1000 each but if both defect, it drops to 600. If one cooperates and the other defects, they receive X and 1000-X respectively, where X represents the payoff of a normal country and 1000-X the payoff of the world leader. The only rational solution is cooperation if X is equal to -200 200 500 700What are examples of distributive and integrative negotiation?Discuss the importance of transaction costs. How are businesses harnessing the power of network effects during the COVID-19 pandemic?