The Petersburg Paradox gave rise to which of the following economic concepts?
a. the wage-price spiral.
b. the supply-demand curve.
c. the diminishing marginal utility of money.
d. All of these choices.
c
You might also like to view...
Buddhism has resisted the ideas of Confucianism and Daoism in the East
Indicate whether the statement is true or false
One reason for believing that in practice capitalism fails to live up to its own ideal of competition is
a. government subsidies and protective tariffs. b. monopolies control almost all areas of economic life. c. so many small companies go bankrupt. d. the outsourcing of jobs.
The case of Griggs v. Duke Power Company
a. established the Food and Drug Administration. b. prohibited tests with an unequal effect on minority groups that are not job related. c. guaranteed employers the right of refusing to bargain with union representatives. d. guaranteed the right to work and outlawed union shops.
"We should respect our parents" is
A) empirically or conceptually reasonable B) empirically or conceptually unreasonable C) non-decidable on evidence or conceptual reasons alone