Which theorists see international law as an expression of shared norms and common purpose, where each state has the interest of being known as a law-abiding member?
a. economic structuralists
b. realists
c. feminists
d. constructivists
d. constructivists
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Matt has decided to purchase his textbooks for the semester. His options are to purchase the books online with next day delivery at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. Given that driving to campus to buy the concert ticket was rational for Matt, Matt should:
A. not drive to campus to buy the books because the $5 he would save is only two percent of the cost of the books, and that is much less than the 25 percent he saved on the concert ticket. B. not drive to campus to buy the books because the cost of gas and his time must certainly be more than the $5 he would save. C. drive to campus to buy the books because the $5 he would save is more than he saved by driving to campus to buy the concert ticket. D. drive to campus to buy the books because the books are cheaper at the bookstore than online.
The Federal Funds rate is
A. directly determined by the Federal Reserve. B. determined by market forces alone, without Federal Reserve influence. C. determined by market forces but targeted by the Federal Reserve. D. determined by Congress.
A major difference between a monopolist and a perfectly competitive firm is that
A) the monopolist is certain to earn economic profits. B) the monopolist's marginal revenue curve lies below its demand curve. C) the monopolist engages in marginal cost pricing. D) the monopolist charges the highest possible price that he can.
Adverse selection is most likely to be a problem when:
A. the good being exchanged has negative externalities. B. there are public goods involved. C. one side of the market, either buyer or seller, has better information than the other side. D. the good being exchanged has free rider problems.