In business, sports, politics, and many other fields there are probably countless situations akin to the prisoner's dilemma where players acting in their own self-interest do not produce an ideal outcome. Likewise, some player dynamics also illustrate other game theory concepts like a game of chicken, credible threats/commitments, and other similar concepts. Use at least one article from The Wall Street Journal to discuss a strategic situation between players that resembled or used any of the concepts above. What could have any of the players done differently to achieve a better outcome?Originality please!!

Analyze 1 of the following government intervention programs:Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession)US agriculture support programsAssistance for Low Income Families (choose 1)Housing vouchersEarned Income Tax Credit (including Child Tax Credit)Supplemental Nutrition Assistance Program (SNAP)Low income healthcare (choose 1)Medicaid (including Children's Health Insurance Program).Affordable Care Act expansionSocial insurance programs (choose 1)Old Age, Survivors, and Disability Insurance (OASDI)MedicareUnemployment insuranceWrite a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper:Analyze the arguments for government intervention as opposed to arguments for market-based solutions.Hint:See the information about market failures.Examine who has been helped and who has been hurt by the selected government intervention.Examine externalities and unintended consequences of such intervention. For example, consider whether the SNAP program and health coverage for low-income families result in higher future tax revenues because low-income children grow up healthier and produce higher incomes over their lifetimes.Analyze whether cost of the intervention you selected as a share of GDP or the number of participants is increasing,decreasing, or varies with the state of the economy, based on the cost trend(or number of participants) since its inception or since 2000.Analyze credible economists’ opinions on the success or failure of the intervention that you chose in achieving its objectives.Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation.Note: Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are US government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics. Cite at least 2 academically credible sources. Format your assignment according to APA guidelines. Submit your assignment.

DATA ANALYSISCalculate the Growth rate of GDP per capita for each of the countries in the years under consideration. Show boxplots of incomes for all the countries in each year. What happened? Is there any evidence for convergence? Discuss the notions of conditional and unconditional convergence in this regard (Hint.: Use logs instead of levels).● Split the data into two groups of poor and rich. The split should be done according to the median income in 1990. Then show boxplots of incomes for both groups in each year. What happened? Is there any evidence for convergence? (Hint.: Use logs instead of levels. Start with splitting the sample: poor in 1960, 1990, and 2020, then the same for the rich. Plot boxplots for eachCOUNTRIESIn the world bank as of 2020 the top 5 richest countries are1. Luxembourg2. Switzerland3.Ireland4. Norway5.USAs of 2020 poorest country as per world bank 1.Burundi2.Somalia3. Mozambique4.Central African Republic5.Sierra Leone