Congress has not been able to vote with clarity on a war in country X. It seems like there are three options that they consider. (1) They could negotiate the best agreement they can get and leave the area. (2) They could continue the air campaign. (3) They could continue the air campaign and send ground troops into the area. In terms of expense the options get increasingly expensive. If a representative from Illinois has a preference order of (1), (3), (2), we can say that
A. the representative does not have a voting preference.
B. the median voter rule will not apply.
C. the representative has a single peaked voting preference.
D. it cannot be answered with the information given.
Answer: A
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Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. Interlace's profit maximizing price is ________ per bottle
A) 70 cents B) 50 cents C) 40 cents D) 1 dollar
The basic transfer is defined as
(a) net capital inflow. (b) interest payments on foreign debt. (c) net capital inflow divided by interest payments on foreign debt. (d) net capital inflow minus interest payments on foreign debt.
Which of the following would be most likely to receive high economic rent payments?
A) farmer B) professional baseball player C) factory worker D) doctor
The town of Marshall's Boy Scout Troop 1099 decreased car parking prices at the Celebrate Marshall Festival and found they made higher profits. This likely occurred because
a. marginal cost was equal to marginal revenue b. marginal revenue was higher than marginal cost c. marginal revenue was less than marginal cost d. demand was inelastic e. marginal revenue was increasing