The holdout problem arises when unanimous approval among members of a group is required_____
a. for a Pareto efficient move to occur
b. for a Pareto superior move to occur
c. for government to decide to undertake the project
d. for government to be able to levy the tax to fund the project
b
Economics
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Capital deepening causes ________ in the demand for labor
A) a decrease B) an increase C) no change D) either an increase or decrease
Economics
A decrease in short-run aggregate supply ________ the equilibrium price level and ________ the equilibrium quantity of real GDP
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Economics