Which economist defined the characteristics of an ideal voting system in his book Social Choice and Individual Values?
A. Jonathan Morduch
B. Dean Karlan
C. Kenneth Arrow
D. Gary Becker
Answer: C
Economics
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Rate of return regulation is designed to allow a natural monopoly to
A) make an economic profit. B) make zero economic profit. C) underestimate its average cost. D) compete with any firm entering the market. E) make zero normal profit.
Economics
The following Phillips curve of would be consistent with the _____ model(s)
a. Keynesian. b. monetarist. c. monetarist and classical. d. classical. e. None of the above
Economics
When the marginal product of labor is declining, marginal costs are ______.
a. rising b. falling c. zero d. steady
Economics
Savings equal the difference between personal income and consumption.
Answer the following statement true (T) or false (F)
Economics