Refer to the table below, which shows the ranked preferences of voters for three alternative projects, with "1" being the top preference. This situation illustrates the voting inconsistency where a majority of voters prefer the:
A. Stadium over the park, the park over the jail, and the jail over the stadium
B. Park and jail over the stadium, and the jail over the park
C. Stadium over the jail, the jail over the park, and the park over the stadium
D. Stadium and jail over the park, and the park over the jail
C. Stadium over the jail, the jail over the park, and the park over the stadium
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During the second half of 2008 the monetary base was growing far more rapidly than the money supply because
a. banks were using most of their excess reserves to extend loans and make investments. b. the Fed quickly shifted from expansionary monetary policy to restrictive monetary policy. c. banks were using their excess reserves to make foreign investments. d. banks were maintaining huge excess reserves.
Must a corporation inform the SEC when it borrows from a commercial bank or through the private placements market?
A) Only from the private placements market B) Only from the commercial bank C) From both D) From neither
In the short run, a perfectly competitive firm suffering a loss
a. will close if P < AVC b. will shut down operations if P < MC c. cannot leave the industry even if P < AVC d. can sell off all its resources to competitors e. can raise the price to increase revenues
South Korea used an inward-oriented development strategy to focus on the growth of exports
a. True b. False Indicate whether the statement is true or false