Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position, Cindy's preference for mayor is
A) Oliver Cousins.
B) George Glass.
C) Cindy is indifferent between the two candidates.
D) Cindy definitely does not like either candidate.
A
You might also like to view...
Consider an initial IS-LM equilibrium with normally-sloped curves. An increase in government spending shifts the ________ by a horizontal distance equal to the change in government spending ________
A) IS curve to the right, divided by the Chapter 3 multiplier B) IS curve to the right, times the Chapter 3 multiplier C) IS curve to the left, times the interest rate at the initial equilibrium D) LM curve to the right, divided by the Chapter 3 multiplier E) LM curve to the right, divided by the interest rate at the initial equilibrium
What economic argument suggests that if transactions costs are sufficiently low, the post-bargaining equilibrium is economically efficient regardless of how property rights are distributed?
a. the Coase theorem b. the laws of supply and demand c. the law of comparative advantage d. the law of externalities