Normative analysis:
A. aims at determining only the economic consequences of a particular policy.
B. does not depend on the analyst's values.
C. focuses on the actual effects of a policy.
D. addresses the question of whether a policy should be used.
Answer: D
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The optimal collective decision rule _____
a. will be 100 percent if collective decision-making costs are high b. will be simple majority rule if external costs are extremely large c. has declining external costs as voting rule moves from unanimity d. is likely to be less than majority rule
It is sometime useful to view each step in the supply chain as a(n)
A) single market. B) integrated process. C) horizontal process. D) vertical process.
A key for a monopoly that wants to practice price discrimination is to be able to control the resale of its product
a. True b. False Indicate whether the statement is true or false
A bond that never matures is known as a
a. perpetuity. b. an intermediary bond. c. an indexed bond. d. a junk bond.