The statement "There is no accounting for taste" implies
A) individuals all have the same preferences.
B) individuals all have different cardinal preferences but the same ordinal preferences.
C) individuals all have different ordinal preferences but the same cardinal preferences.
D) individuals all have different ordinal and cardinal preferences.
D
Economics
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Refer to the scenario above. If the individual places his bet on ten pockets, his likelihood of winning is:
A) 5%. B) 10%. C) 20%. D) 25%.
Economics
The Sherman Act of 1890 was passed to prohibit
A) combinations, trusts, or conspiracies to restrict interstate or international trade. B) monopolization or attempts to monopolize interstate or international trade. C) both of the above. D) neither of the above.
Economics