Which of the following would violate transitivity?
a. Vanessa likes A more than B, C more than B, and C more than A.
b. Jay likes C more than B, A more than B, B more than D, and C more than D.
c. Maddy likes C more than A, B more than D, A more than B, and D more than C.
d. Victoria likes C more than B, C more than D, and B more than D.
c
You might also like to view...
If you want to know the present value of $4,000 in two years and the annual interest rate is 5%, what formula can you use?
A) Present value = $4,000 / (0.05 ) × 2. B) Present value = $4,000 / (1 + 0.05 )2. C) Present value = $4,000 × (1 + 0.05 )2. D) Present value = $4,000 × (1 + 0.05 )/ 2.
________ is the expansion of a firm into stages of production earlier or later than those in which it has specialized
a. Economies of scope b. Vertical integration c. Economies of scale d. Bounded rationality
During the course of a bad recession the Fed would probably be doing each of the following, except
A. selling securities on the open market. B. lowering interest rates. C. lowering reserve requirements. D. lowering the discount rate.
Minimum wage laws cause unemployment because the legal minimum wage is set
A) below the market wage, causing labor demand to be greater than labor supply. B) below the market wage, causing labor demand to be less than labor supply. C) above the market wage, causing labor demand to be greater than labor supply. D) above the market wage, causing labor demand to be less than labor supply.