According to Fearon, why are wars ex post inefficient?

a. Because the outcome is worse than what could have been achieved through negotiations
b. Because the winner does not necessarily deserve the spoils
c. Because they involve transaction costs that could have been avoided by agreeing beforehand on whatever outcome war subsequently reveals
d. Because the outcome does not necessarily reflect the most optimal division of resources


Ans: c

Political Science

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What did the Supreme Court rule in the 1969 case of Alexander v. Holmes County Board of Education?

a. all private and public colleges must desegregate immediately b. school districts must desegregate immediately c. all medical schools must desegregate immediately d. all law schools must desegregate immediately e. desegregation of schools is unconstitutional

Political Science