Economists James Buchanan and Gordon Tullock are well-known for developing
A) the concept of government failure. B) the voting paradox.
C) the impossibility theorem. D) the public choice model.
D
Economics
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A decrease in the cost of production will shift the supply curve down and to the right
Indicate whether the statement is true or false
Economics
Two teams played a game called Thai 21 on an episode of the television show Survivor. Call the teams Green and Red. The game begins with 21 flags. The teams take turns. When it is a team's turn, it can remove one, two, or three flags
The team that removes the last flag wins. Green goes first. Who should win this game, Green or Red?
Economics