1.Prisoner's dilemmas? a.Read chapter 7.3 in Real World Micro , How Much of the U.S. Economy Is...

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1.Prisoner's dilemmas?

a.Read chapter 7.3 in Real World Micro, "How Much of the U.S. Economy Is Devoted to Social Control?" by Arthur MacEwan. What are protective services? Why is there a positive association between protective services and economic inequality?

b.Based on MacEwan's analysis, would it be possible to make everyone at least as well-off if we would all cooperate together better and reallocate some protective labor to more productive activity? Could this be an example of a prisoner's dilemma?Diagram the game and explain where the US economy rests.

Posted Date: Jun 25, 2024 10:03 AM

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1.Prisoner's dilemmas? a.Read chapter 7.3 in Real World Micro , How Much of the U.S. Economy Is...

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