Write short note on following: (i) Global peace index (ii) Nash equilibrium (iii) Dual federalism (iv) Sink Costs
Introduction This answer provides concise explanations of four important economic and policy concepts: Global Peace Index, Nash Equilibrium, Dual Federalism, and Sink Costs. These topics reflect various dimensions of public economics, from strategic behavior in game theory to structural aspects of governance and investment. i) Global Peace Index (GPI) The Global Peace Index is a […]