When there are three or more options, plurality-rule voting does a good job of capturing the preferences of voters
Indicate whether the statement is true or false
FALSE
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Refer to Table 1-4. What is Eva's marginal benefit if she decides to stay open for two hours instead of one hour?
A) $25 B) $36 C) $60 D) $95
The types of games analyzed by the Nash equilibrium are
a. Simultaneous move games b. Sequential move games c. Both of the above d. None of the above
Most economists believe that the CPI
a. accurately measures the inflation rate b. accurately measures the inflation rate except during years when there are major economic shocks like the Arab oil embargo c. slightly underestimates the inflation rate d. seriously underestimates the inflation rate e. overstates the inflation rate
One of the least regulated common resources today is
a. state parks. b. the ocean. c. forest preserves. d. the Great Lakes.