The intent of the liberum veto was ___________, and the outcome was _____________.
A. complete consensus; often chaos and corruption
B. majority rule; complete consensus
C. efficiency; inefficiency
D. efficiency; efficiency
A. complete consensus; often chaos and corruption
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Answer the following statement(s) true (T) or false (F)
1. The benefit received from using or accessing an environmental good is known as user value. 2. If an individual receives utility from enjoying the view of a mountain range, that mountain range is said to provide indirect user value to the individual. 3. If an individual enjoys swimming in the ocean, the ocean generates existence value to the individual. 4. Stewardship refers to a sense of obligation to future generations to preserve the environment. 5. The approach that estimates benefits according to a technical relationship between a resource and a user of the resource is called the behavioral linkage approach.
Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. This would cause the ________ labor to pick citrus fruit in Florida to ________
A) supply of; decrease B) demand for; decrease C) supply of; increase D) demand for; increase
Even though it is not a perfect measure, economists can use real GDP to
i. compare how the value of the goods and services produced in China have changed over the past 10 years. ii. look at the length of recessions and expansions in the United States. iii. compare the standard of living in China versus the standard of living in Vietnam. A) ii only B) i, ii and iii C) i and iii D) i and ii E) ii and iii
A cooperative game is
A) companies colluding in order to make higher than competitive rates of return. B) the manner in which one oligopolist reacts to a change in price made by another oligopolist in the industry. C) a game in which firms will not negotiate in any way. D) when plans made by firms are known as game strategies.