No clearly defined socially preferred outcome may result when majority voting on outcomes because
A) often voters don't understand the outcomes.
B) voting may violate the independence of irrelevant alternatives.
C) voting may lead to incomplete preferences.
D) voting may lead to non-transitive preference.
D
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Incremental cost assessment involves
a. valuing TSC at a single level of abatement b. subtracting baseline TSC prior to undertaking policy from post-policy TSC c. summing baseline TSC and post-policy TSC d. finding the ratio of TSC to MSC at a given abatement level
Marginal-cost transfer-pricing creates incentives for manufacturing to distort MC:
A. upward. B. downward and then upward. C. upward and then downward. D. downward.
A fall in the value of the dollar relative to other currencies will:
A. decrease foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the right. B. increase foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the left. C. increase foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the right. D. decrease foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the left.
An increase in the foreign real interest rate would cause the domestic country's net exports to ________ and cause the domestic country's IS curve to ________.
A. rise; shift up B. rise; shift down C. fall; shift up D. fall; shift down