2/21 125, 12:37 PM CP2.4 Class Participation Quiz for Unit 4: Online SP25 ECON 2105 Principles of Macroeconomics
CP2.4 C|| ~ Quiz submitted x]
Due No due date
Points 7
Questions 7
Available until May 9 at 11:59pm
Time Limit None
Allowed Attempts Unlimited
Instructions
The intended way to do these questions is to prime your brain to the main/basic concepts that you
should be able to answer with ease by the end of the module.
With your first attempt, just read carefully and give it your best guess.
Use these questions as a guide to draft the first concept map for this unit, which you will fill in by
going through elLectures and chapter sections as you go through your self- and group-study steps.
To fully master these questions, make sure that you are able to explain not only the correct answer
options, but also incorrect ones.
Be detailed in your explanations.
o The best way to learn is to explain to someone else.
This is a good place to engage with classmates in your groups, in GroupMe, online discussion or to
office hours and chats.
Remember that these are just for completion, and you have as many tries as you want.
Take the Quiz Again
Attempt History
Attempt Time Score
KEPT Attempt 2 1 minute 7 out of 7
https://gatech.instructure.com/courses/442722/quizzes/630773 1/6
, 2/21/25, 12:37 PM CP2.4 Class Participation Quiz for Unit 4: Online SP25 ECON 2105 Principles of Macroeconomics
{ _ Quiz submitted }
LATEST ITTINL & I 11T TULO I OUultl VUl I
Attempt 1 less than 1 minute 0.67 out of 7
Score for this attempt: 7 out of 7
Submitted Feb 21 at 12:37pm
This attempt took 1 minute.
Question 1
1/1 pts
According to the 'Economist in action’ video of Juan Camilo Cardenas, which of the following have
economists discovered using experiments simulating public goods scenarios?
Correct!
The imposition of external regulation sometimes erodes the willingness of participants to cooperate.
This is one of the findings that Professor Cardenas mentions.
Populations with greater inequality exhibit a greater tendency to cooperate.
Once real cash is used instead of tokens of hypothetical sums of money, people cease to act cooperatively.
Correct!
People are often willing to cooperate rather than free ride.
This is one of the findings that Professor Cardenas mentions.
Question 2
1/1 pts
Brian likes going to the cinema more than watching football. Anna, on the other hand, prefers watching
football to going to the cinema. If one person chooses their favourite activity, the other person prefers to
spend time together rather than spend an afternoon apart. The following table represents the happiness
levels (payoffs) of Anna and Brian, depending on their choice of activity (the first number is Brian's
happiness level while the second number is Anna's).
Based on the information above, we can conclude that:
Anna
Football | Cinema
e Football 3,5 1,1
Cinema 4,3 6,2
The dominant strategy for both players is Football.
There is no dominant strategy equilibrium.
The dominant strategy equilibrium yields the highest possible happiness for both.
Correct!
Neither player would want to deviate from the dominant strategy equilibrium.
https://gatech.instructure.com/courses/442722/quizzes/630773 2/6
CP2.4 C|| ~ Quiz submitted x]
Due No due date
Points 7
Questions 7
Available until May 9 at 11:59pm
Time Limit None
Allowed Attempts Unlimited
Instructions
The intended way to do these questions is to prime your brain to the main/basic concepts that you
should be able to answer with ease by the end of the module.
With your first attempt, just read carefully and give it your best guess.
Use these questions as a guide to draft the first concept map for this unit, which you will fill in by
going through elLectures and chapter sections as you go through your self- and group-study steps.
To fully master these questions, make sure that you are able to explain not only the correct answer
options, but also incorrect ones.
Be detailed in your explanations.
o The best way to learn is to explain to someone else.
This is a good place to engage with classmates in your groups, in GroupMe, online discussion or to
office hours and chats.
Remember that these are just for completion, and you have as many tries as you want.
Take the Quiz Again
Attempt History
Attempt Time Score
KEPT Attempt 2 1 minute 7 out of 7
https://gatech.instructure.com/courses/442722/quizzes/630773 1/6
, 2/21/25, 12:37 PM CP2.4 Class Participation Quiz for Unit 4: Online SP25 ECON 2105 Principles of Macroeconomics
{ _ Quiz submitted }
LATEST ITTINL & I 11T TULO I OUultl VUl I
Attempt 1 less than 1 minute 0.67 out of 7
Score for this attempt: 7 out of 7
Submitted Feb 21 at 12:37pm
This attempt took 1 minute.
Question 1
1/1 pts
According to the 'Economist in action’ video of Juan Camilo Cardenas, which of the following have
economists discovered using experiments simulating public goods scenarios?
Correct!
The imposition of external regulation sometimes erodes the willingness of participants to cooperate.
This is one of the findings that Professor Cardenas mentions.
Populations with greater inequality exhibit a greater tendency to cooperate.
Once real cash is used instead of tokens of hypothetical sums of money, people cease to act cooperatively.
Correct!
People are often willing to cooperate rather than free ride.
This is one of the findings that Professor Cardenas mentions.
Question 2
1/1 pts
Brian likes going to the cinema more than watching football. Anna, on the other hand, prefers watching
football to going to the cinema. If one person chooses their favourite activity, the other person prefers to
spend time together rather than spend an afternoon apart. The following table represents the happiness
levels (payoffs) of Anna and Brian, depending on their choice of activity (the first number is Brian's
happiness level while the second number is Anna's).
Based on the information above, we can conclude that:
Anna
Football | Cinema
e Football 3,5 1,1
Cinema 4,3 6,2
The dominant strategy for both players is Football.
There is no dominant strategy equilibrium.
The dominant strategy equilibrium yields the highest possible happiness for both.
Correct!
Neither player would want to deviate from the dominant strategy equilibrium.
https://gatech.instructure.com/courses/442722/quizzes/630773 2/6
