When the core is empty, the proposals and counter proposals of the individuals can cycle without ever settling into an unblockable allocation
Indicate whether the statement is true or false
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For a fixed percent reduction in pollution emissions to be economically efficient, it would have to be the case that:
A. all firms be the same size. B. enforcement is vigorous. C. the marginal cost of pollution control is the same across all firms. D. large polluters reduce emissions by more than small polluters.
The word bank is derived from the Italian word banca, meaning "bench," which was money changer's table
Indicate whether the statement is true or false
People must make choices because
A) most people enjoy shopping. B) of scarcity. C) there are many goods available. D) the question "What goods and services are produced?" is not adequately answered. E) making choices is in the social interest.
The figure illustrates the market for pens. The equilibrium quantity is
A) between 400 and 600 pens, but it is impossible to be precise. B) 5 pens a month. C) 2 pens a month. D) 500 pens a month.