Sam Voter prefers Ronald to Joe, Joe to Gary, and Gary to Ronald. Sam's preferences:
A. are consistent with our assumptions about consumer behavior.
B. are not complete.
C. are not transitive.
D. indicate that he is a liberal.
Answer: C
You might also like to view...
According to one research study focusing on Indonesia, actions by nongovernmental organizations are ___________ than importing countries' threats to raise tariffs.
a. less effective in raising wages and limiting declines in employment b. more effective in raising wages and limiting declines in employment c. less effective in raising wages but more effective in limiting declines in employment d. more effective in raising wages but less effective in limiting declines in employment
For the quantity exchanged in a market to remain the same, while the price increased, both supply and demand would have to shift to the right
a. True b. False Indicate whether the statement is true or false