Which of the following would be an avenue for resolving the inefficiencies associated with majority voting?
What will be an ideal response?
political logrolling
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If the exchange rate measured in euros per dollar increases, then
A) the dollar depreciates relative to the euro. B) the euro appreciates relative to the dollar. C) the euro depreciates relative to the dollar. D) neither currency appreciates or depreciates.
Anna's Antiques expects to get two bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. If Anna can only set one price, what price should she set?
a. $100 b. $70 c. Any price higher than $100 d. Any price lower than $70
An increase in interest rates:
A. decreases aggregate demand, slowing economic activity. B. decreases aggregate demand, increasing economic activity. C. increases aggregate demand, slowing economic activity. D. increases aggregate demand, increasing economic activity
Describe the output and price effects that influence the profit-maximizing decision faced by a firm in an oligopoly market. How does this differ from output and price effects in a monopoly market?