The Condorcet paradox can arise with:
A. first-past-the-post voting.
B. run-off elections.
C. approval voting.
D. pair-wise majority voting.
Answer: D
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The Great Depression began in
A. the second half of 1929. B. the middle of 1930. C. early 1932. D. March 1933.
Consider the game known as the Prisoner's Dilemma. What's the dilemma?
a. By both not confessing, both get to the cooperative solution and minimize time in prison. b. By both confessing, both get to the noncooperative solution and both serve significant time in prison. c. As a group, they are better off cooperating by not confessing, but each player has an incentive to be first to confess in a double cross. d. The problem is that the spies should never have been caught; they should move to Rio.
After browsing his cabinets to see what meals he can make, Ken is deciding whether to make nachos or spaghetti for dinner. If Ken makes spaghetti, we can conclude:
A. Ken doesn't like nachos. B. Ken prefers nachos over spaghetti. C. Ken will get more utility from making spaghetti for dinner than nachos. D. None of these is true.
The full employment level of GDP is sometimes referred to as "potential GDP."
a. True b. False Indicate whether the statement is true or false