If a pair-wise majority vote was held and the voters' preferences are shown in the table, assuming public parks and the zoo was the first pair to be voted on, which option would win overall?
A. Public transportation
B. Public zoo
C. Public parks
D. Both Public parks and zoo.
A. Public transportation
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A sealed-bid auction is one in which ________
A) bidders do not know each other's bid B) bidders know each other's bid C) bidders place their bids one after another D) bidders cannot determine the price of the good
If production indifference curves cross, this indicates that there are different ways to produce the same output level.
Answer the following statement true (T) or false (F)
After the imposition of a tax of $2 per unit of output, what is the profit maximizing price?
A) 11 B) 21 C) 31 D) 41 E) none of the above
One of the causes of World War I was _________
a. the deteriorating standards of living in Europe. b. the assassination in Serbia of Austrian Archduke Ferdinand. c. Europe had experienced several wars in recent decades that spilled over into World War I. d. the European working class was increasingly fractured and nationalistic.