The Condorcet paradox is a situation in which the preferences of each individual member of a group are ___________, and the collective preferences of the group are _________.
A. not transitive; not transitive
B. transitive; not transitive
C. transitive; transitive
D. not transitive; transitive
B. transitive; not transitive
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Real-world applications of deposit-refund systems include
a. programs implemented through state bottle bills b. initiatives aimed at proper disposal of lead-acid batteries c. programs that create incentives to return scrapped vehicles d. all of the above e. none of the above
Suppose a consumer is spending his or her entire budget. In order to obtain the most satisfaction from his or her purchases, all goods should:
a. provide the same marginal utility per dollar. b. be consumed in equal quantities. c. have identical marginal utilities. d. give the consumer matching amounts of total utility.
In the short-run framework, budget deficits should:
A. be run on a temporary basis whenever the economy is below potential output. B. be run on a permanent basis since they can always be financed by printing money. C. never be run since they slow economic growth over the long run. D. never be run since they crowd out investment in the short run.
The SWOT analysis has been used extensively in other industries but has not been widely used in healthcare.
a. true b. false