Suppose everyone in a town prefers spending on improved public transportation systems instead of public parks, and prefers spending on public parks instead of building a public zoo. A voting system that would ensure that zoo funding would never beat spending on transportation would demonstrate which criteria for an ideal voting system?
A. No dictator
B. Transitivity
C. Independence of irrelevant alternatives
D. Unanimity
B. Transitivity
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________ when its inventory increases
A) A firm's total product curve is likely to shift upward B) A firm's labor demand curve is likely to shift to the left C) A firm's cost curve is likely to shift downward D) A firm's labor demand curve is likely to shift to the right
The Chicago Heights school district study found that
A) teachers have a low occurrence of moral hazard. B) students did much better with a teacher who received merit pay. C) adverse selection results among teachers with poor students. D) teachers did not response to pay incentives.
In the foreign exchange market, if the demand for dollars permanently decreases, the Fed can maintain the exchange rate at its old equilibrium level indefinitely by buying dollars
Indicate whether the statement is true or false
Recent financial turmoil has caused many people to increase saving and to prefer assets that are perceived to be relatively safe and liquid. What are the likely effects on M1 and M2?
What will be an ideal response?