The "independence of irrelevant alternatives" criterion is also known as the:
A. third-party problem.
B. swing-vote problem.
C. majority options problem.
D. misalignment problem.
Answer: A
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The price elasticity of demand measures the ________ that results from a ________
A) change in quantity demanded; change in price B) change in price; change in the quantity demanded C) percentage change in price; percentage change in the quantity demanded D) percentage change in the quantity demanded; percentage change in price E) percentage change in the quantity demanded; change in price
Refer to Scenario 1 . If you start the course in such a way that each exam score is better than your previous average what should happen to your average score? What would happen to your average if it was below your previous exam score? Explain
What will be an ideal response?
If both money demand and commodity demand are unstable, as many activists believe, which type of policy target(s) would most likely lead to a stable economy (assuming supply-side shocks are likely to occur)?
A) money supply target B) real GDP target C) interest rate target D) nominal GDP
The largest in-kind transfer program in the United States is (are)
A. SNAP. B. Welfare. C. Medicare and Medicaid. D. the Housing Program.