Plurality voting fails which of the criteria for an ideal voting system?
A. Transitivity
B. No dictator
C. Unanimity
D. Independence of irrelevant alternatives
D. Independence of irrelevant alternatives
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When graphed, total fixed cost will
a. slope upward to the right at a constant positive slope b. first decrease and then increase c. first increase and then decrease d. slope down forever e. be a horizontal line
Investing in risky assets in the hope of earning profits is called speculation
a. True b. False Indicate whether the statement is true or false
The long-run Phillips curve shows an inverse relation between inflation and unemployment
a. true b. false
In 2016, there was no change in inventories, which implies that GDP was ________ in 2016.
A. less than final sales B. zero C. greater than final sales D. exactly equal to final sales