Which of the following is a characteristic of the core?

a. The core is the set of all allocations that cannot be blocked.
b. The core is the set of all allocations where the value realized by the members of the coalition are same as what they can realize individually form the core.
c. Cores are broken when one or more participants withdraw from the coalition.
d. Any allocation that makes even one of the parties to the transaction better off is in the core.


A

Economics

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Sam quits his job as an airline pilot and opens his own pilot training school. He was earning $40,000 as a pilot. He withdraws $10,000 from his savings where he was earning 6 percent interest and uses the money in his new business. He uses a building he owns as a hangar that he could have rented out for $5,000 per year. He rents a computer for $1,200, buys office supplies for $500, rents an

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Answer the following statement true (T) or false (F)

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Ultimately, tariffs ________ the ability of foreign countries to buy the domestic country's exports and therefore ________ wealth

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Economics