Which of the following factors will NOT cause a shift in the demand for a good?
A) A change in consumer incomes B) A change in the market price of the good
C) A change in the number of consumers D) A change in tastes and preferences
B
Economics
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According to game theorists, a cartel of several firms is an example of a(n)
A) zero-sum game. B) uncooperative game. C) cooperative game. D) noncooperative game.
Economics
Lulu did not vote in the last election. When Ari asked her why, she said, “None of the candidates thinks like I do, and there are so many voters that what I want and my vote don’t matter. I’m not wasting my time playing a game and throwing away my vote.” What would a public choice economist say about Lulu?
a. She lacks basic logic. b. She is a traitor. c. She does not understand economics. d. She is rationally ignorant.
Economics