"To each exactly the same" refers to
A) the productivity standard.
B) the free market doctrine.
C) the egalitarian principle.
D) the Lorenz curve.
C
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Refer to Game Matrix II. Which outcomes in this game are Pareto optimal?
Game Matrix II
The following questions refer to the game matrix below. Player A can play the strategies "High" and "Low," and Player B can play the strategies "Odd" and "Even."
a. The upper right-hand corner only.
b. The lower right-hand corner only.
c. Both the upper and lower right-hand corners.
d. All outcomes except the upper left-hand corner.
Based on the answer above, the price for peanut butter_____________ and the quantity demanded for peanut butter ____________
a. Uncertain; decreases b. Decreases; increases c. Decreases; uncertain d. Increases; uncertain
The major social insurance program in the United States is
a. Social Security b. Temporary Assistance for Needy Families c. Medicare d. Medicaid e. food stamps
When total utility is at a maximum, marginal utility is
a. zero b. positive c. negative d. one e. infinite