As people have become more health-conscious and decided to eat food that is better for them
A) the demand curve for scooters has shifted to the right.
B) the demand curve for cupcakes has shifted to the right.
C) the demand curve for oranges and apples has shifted to the right.
D) None of the above.
C
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An increase in the price of butter is likely to cause the demand for:
A. butter to increase. B. butter to d. C. olive oil to increase. D. olive oil to decrease.
Assume that the hourly price for the services of personal trainers has risen and sales of these services have also risen. One can conclude that
A) personal trainers are deliberately charging high prices because they provide services for wealthy clients. B) the demand for personal trainers has increased. C) the law of demand has been violated. D) the number of personal trainers has increased.
In command-and-control regulation, _____
a. a one-size-fits-all regulation achieves an efficient outcome that maximizes net social welfare b. policies are flexible in nature c. policies provide incentives to figure out ways to reduce externalities d. policies are intended to alleviate the social costs of externalities
________ is an optimal strategy used in repeated games for getting the other player to cooperate
a. Prisoner's dilemma b. Tit-for-tat c. Coordination game d. One-shot game