All but one of the following people were awarded a Nobel prize for their contributions to experimental economics and their explorations of the influence fairness has on consumer decision-making. Which person did not receive a Nobel Prize for this work?

All of the following are listed in the text as being keys to economic development EXCEPT

A) a system of property rights. B) an open economy. C) an educated population. D) a higher level of protectionism.

Refer to the scenario above. Each firm will face a demand of ________ units of Good A if both of them charge a price of $60

A) $1,000 B) $1,500 C) $2,000 D) $3,000