Movement from an inefficient allocation to an efficient allocation in the Edgeworth Box will
A. increase the utility of all individuals.
B. increase the utility of at least one individual, but may decrease the level of utility of another person.
C. increase the utility of one individual, but cannot decrease the utility of any individual.
D. decrease the utility of all individuals.
B. increase the utility of at least one individual, but may decrease the level of utility of another person.
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According to the textbook application, radon
a. is a naturally occurring hazard b. is an involuntary risk c. poses no adverse health threat outdoors d. all of the above e. (a) and (b) only
Which of the following would cause an increase in aggregate demand in the short run?
A) an increase in taxes B) an increase in the supply of money C) a decrease in the price level D) a crop failure
In 2012, all of fast-food chains expanded their hours of operation, with nearly 40% of all McDonald's restaurants being open 24 hours per day. This strategy was aimed at increasing sales because:
A) it was estimated that nearly one-fifth of all employed Americans worked primarily in the evening contributing to the demand for fast-food in late hours. B) it was estimated that consumers who shop at night tend to be more price sensitive. C) it was believed that longer hours of operation would lead to greater brand loyalty. D) none of the above.
According to the Efficient Markets Hypothesis, prices of securities
A) change infrequently. B) change frequently to reflect news about changes in the fundamental values of the securities. C) change frequently as evaluations of existing information about the securities change. D) are not allowed, under federal securities laws, to change more frequently than once a month.