In response to deregulation, the quality and variety of airline services rose.
Answer the following statement true (T) or false (F)
True
Deregulation of the railroad, telephone, airline, and electricity industries has yielded substantial benefits: more competition, lower prices, and improved services.
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Which of the following goods is directly counted in GDP?
A) the pepperoni that Pizza Hut purchases for its pizzas B) the cheese that Pizza Hut purchases for its pizzas C) the large Pizza Hut pizza purchased by a family for dinner D) the boxes that Pizza Hut purchases to box its pizzas
The economic way of thinking assumes people, including Mother Teresa, Jack the Ripper, Henry VIII, and Hilary Rodham Clinton, act on the basis of
A) greed. B) altruism. C) terror. D) the projects they are interested in.
If the exchange rate is 12.5 pesos per U.S. dollar, it is also 1/12.5 U.S. dollars per peso
a. True b. False Indicate whether the statement is true or false
Which of the following is not correct?
a. Pairwise voting never produces transitive preferences. b. The order of pairwise voting can affect the result. c. Majority voting by itself does not tell us what outcome a society really wants. d. No voting system can satisfy all of the following properties: unanimity, transitivity, independence of irrelevant alternatives, and no dictators.