If you like Oreos more than Chips Ahoy but like Nutter Butters more than Oreos, by the property of transitivity you like
A. Oreos more than Nutter Butters.
B. Nutter Butters more than Chips Ahoy.
C. Chips Ahoy more than Nutter Butters.
D. Nutter Butters more than Oreos.
Answer: B
Economics
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The classical framework is based on which of the following assumptions?
A) many firms in the economy B) no single firm can control prices C) in the long-run the quantity of factors supplied must be equal to the quantity of factors demanded D) all of the above E) none of the above
Economics
Unanticipated inflation tends to penalize:
A. People who save money in financial institutions B. Individuals who borrow money from financial institutions C. Businesses which borrow money from financial institutions D. Governments which have a progressive personal income tax
Economics