Question

QUESTION 1

When considering the creation of an unsanctioned cartel, it is important to keep in mind that:

		Someone is always likely to tip off the regulators
		Executives of companies engaged in cartels can be personally prosecuted and sent to jail.
		Companies can be levied heavy fines for engaging in such activity.
		All of the above.

2 points   

QUESTION 2

OPEC members are motivated to renegotiate quotas and stick to them is born out of their individual economic problems caused by low oil prices.

True

False

2 points   

QUESTION 3

___________ involves encouraging parties to a social dilemma to see themselves not as separate entities but as a single group confronting a common problem.

		Reframing
		Recategorization
		Reciprocity
		Expropriation

Answer 1

1) When considering thethe creation of unsactioned cartel it is important to keep in mind the following:

someone is always likely to tipp of the regulators, executives of company engaged in cartles can be personally prosecuted and sent to jail, Companies can be levied heavy fines for engaging in such activity.

2)This statement is completely false that OPEC members are motivated renegotiate quotas and stick to them is born out of their individual economic problems caused by low oil prices.

3) Recategorization involves encouraging parties to a social dilemma to see themselves not as seperate entities but as a single group confronting a common problem.