Susan thinks the only fair outcome is one in which she has three slices of pizza a week. Susan is using a(n) ________ concept of fairness
A) "it's not fair if the result isn't fair"
B) "it's not fair if the rules aren't fair"
C) "big tradeoff"
D) "Novak principle"
A
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All else equal, as the price of a product falls, the quantity supplied decreases
Indicate whether the statement is true or false
Which of the following describes what would happen after an increase in oil prices?
a. A downward shift of the aggregate supply curve as unit costs decrease, followed by a gradual increase in the wage as employment increases, leading to a leftward shift of the aggregate supply curve b. An upward shift of the aggregate supply curve as unit costs increase, followed by a gradual decrease in the wage as employment decreases, leading to a leftward shift of the aggregate supply curve c. An upward shift of the aggregate supply curve as unit costs increase, followed by a gradual decrease in the wage as employment decreases, leading to a rightward shift of the aggregate supply curve d. A downward shift of the aggregate supply curve as unit costs decrease, followed by a gradual decrease in the wage as employment decreases, leading to a rightward shift of the aggregate supply curve e. An upward shift of the aggregate supply curve as unit costs increase, followed by a gradual decrease in the wage as employment increases, leading to a rightward shift of the aggregate supply curve
Monetary policy is conducted by
A. only the president. B. only Congress. C. both the president and Congress. D. neither the president nor Congress.
Paper Pushers Inc. hires workers in a competitive labor market. Apart from labor, the company has no other variable inputs. The company's hourly output varies with the number of workers hired, as shown in the table. WorkersPages/hour0014027531054125514061507155 If each page sells for $2 and the market wage is $15 per hour, then this firm will hire ________ workers per hour.
A. 4 B. 6 C. 5 D. 7