When your professor asks a question that everyone in the class knows the answer to, yet no one raises his or her hand to answer the question, this is an example of what economists call
A) flying under the radar.
B) shirking responsibility.
C) the volunteer's dilemma.
D) a game of chicken.
C
Economics
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If the cross-price elasticity of demand between two products is positive, we can conclude that the two products are substitutes
Indicate whether the statement is true or false
Economics
Long-run economies of scale exist when the long-run average cost curve:
a. rises. b. remains constant. c. falls. d. does not exist.
Economics
No government that receives foreign aid sells products to its people
a. True b. False Indicate whether the statement is true or false
Economics
The term which means whatever must be given up to obtain an item is
What will be an ideal response?
Economics