Self-interest usually results in what kind of outcome for the players in a prisoners' dilemma game?

The belief that higher taxes on the rich are justified because they have obtained a disproportionately large allotment of the services, infrastructure, and protections the government provides is called

A) utilitarianism. B) diminishing marginal utility. C) the benefits-received principle. D) transcendentalism.

If freezing weather in Florida destroys a large portion of the current orange crop,

A) prices of Florida oranges will rise and quantity demanded will fall. B) the supply of and the demand for Florida oranges will both fall. C) the demand for Florida oranges will fall and prices will rise. D) the supply of Florida oranges will decline but not the quantity demanded.