Political decisions will be _____ only if the decision was approved by _____
a. Pareto improvements; a unanimous vote
b. in the public interest; a majority vote
c. Pareto improvements; a majority vote
d. undertaken; a unanimous vote
a
Economics
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The beauty of Nash's equilibrium concept is that
a. all games have one. b. all games have no more than one. c. all games have a rich set to choose from. d. it is a Pareto optimum.
Economics
A downward-sloping portion of a long-run average total cost curve is the result of:
a. economies of scale. b. diseconomies of scale. c. diminishing returns. d. the existence of fixed resources.
Economics