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Section 2:  Short answer response.  You will see five potential prompts in this section.  You must provide written responses to THREE OF THEM.  Be as thorough and specific in your answer as possible.  The best answers will demonstrate mastery, rather than incomplete knowledge of the content.   1.  How does territory structure global politics? Provide multiple examples to illustrate these claims.   2.  How does globalization stress domestic political orders and create pressure for domestic political change?   3.  Describe some of the core elements of the embedded liberal compromise. How has it structured relations between and within states?   4.  How do race and racism constitute the international political order?   5.  Describe and differentiate among the most consequential classes of political organizations in the international system.

Determine the pure strategy Nash equilibria in the reduced game.

Assume there is perfect competition with a tax of $2 per unit of x. What is the deadweight loss of this tax?

This problem must be solved using KKT, and you already completed the first steps by answering questions 3a, 3.b, and 3c. Now, list and explain the remaining steps. (Note that you are not required to find the solution).

The following description will be used in questions 5a, 5b and 5c.   Two players play in accordance with the payoff matrix below.

Why is it important to study production functions such as f1 and f2?

This problem must be solved using KKT, and you already completed the first steps by answering questions 3a, 3.b, and 3c. Now, list and explain the remaining steps. (Note that you are not required to find the solution).

Determine the pure strategy Nash equilibria in the reduced game.

Assume A=100 and b=2. Find the monopolist’s optimal price and quantity.

Identify all dominated strategies.