What’s the difference between a preference ordering and a utility function?
A. They are the same.
B. A utility function is a numerical scale that represents an individual’s preference ordering.
B. A utility function is a numerical scale that represents an individual’s preference ordering.
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Younger people who move into Texas are __________ groups that came in the past.
A. more homogenous B. older C. about the same in age as D. more diverse than
Which of the following is a law that limits how much the federal government may borrow?
a. debt ceiling b. capital budget c. tax expenditure d. budget resolution
The most favored nation principle means that a. one nation is selected to benefit the most from free trade. b. if a state lowers a tariff toward one General Agreement on Tariffs and Trade (GATT) member, it is obligedto give all members the same low tariff
c. regional trading partners are given favorable trading terms. d. the GATT ensures that one country receives preferential trade treatment.
The Third Amendment prevents:
a. the accused from being subjected to cruel and unusual punishment b. people from being forced to provide shelter for soldiers in their homes c. being forced to testify against oneself d. excessive bail in criminal cases