The average person is more likely to make a mistake choosing ___________ than what to have for dinner due to the complex nature of the topic.
A. how to save for retirement
B. which college to attend
C. which type of health plan to choose
D. All of these statements are true.
D. All of these statements are true.
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Under the gold standard,
a. each nation had discretion over its monetary policy. b. trade-deficit nations had less control over their money supply than trade-surplus nations. c. trade-surplus nations had less control over their money supply than trade-deficit nations. d. no nation had control over its domestic monetary policy.
Explain the Condorcet paradox. To which type of voting system does it apply?
Exhibit 5-6 Demand curve for concert tickets
?
In Exhibit 5-6, if promoters lower their ticket price from $30 to $20, then:
A. ticket sales will increase but total revenue will decrease because demand is inelastic between $30 and $20. B. both ticket sales and total revenue will increase because demand is inelastic between $30 and $20. C. ticket sales will decrease but total revenue will increase because demand is elastic between $30 and $20. D. both ticket sales and total revenue will increase because demand is elastic between $30 and $20.
Under J.C. Penney's everyday low pricing policy, the everyday low prices
A) ended up being the highest prices ever charged by the company. B) were always lower than the sale prices under the previous policy. C) were not actually charged every day, but only once a month during half-off sales. D) ended up being higher than the sale prices under the previous pricing policy.