A circular indifference curve is:
a. A circle around the status quo, such that the ideal point of the player is on the circumference
b. A circle around the ideal point, such that the status quo is on the circumference
c. A circle around the set of policies that the players can agree on
d. A circle around the set of policies to which the player is indifferent
Ans: b
You might also like to view...
Goods that society determines all citizens should have, whether or not they can personally afford them are called:
A. social goods. B. externalities. C. merit goods. D. charitable goods.
Identify the differences between concurring opinions and dissenting opinions.
What will be an ideal response?
Which of the following is true about the religious freedom provision of the First Amendment?
a. It established official churches in the early colonies. b. It has been limited by the Fourteenth Amendment. c. It applied restrictions on the states and the national government as soon as it was ratified. d. It prohibits Congress from passing any legislation “respecting an establishment of religion, or prohibiting the free exercise thereof.”
What explains Obama's efforts to address the economy well before his inauguration?
A)the belief that the economy presented the least difficult challenge B)the need to distinguish himself from the outgoing administration C)the political demands of the Democratic Party leadership D)the necessity of making a transition in the context of a real-time crisis