A college bookstore offers both new and used Physics 101 textbooks. Vicki pays $120 for a new copy, Darrel pays $85 for a used copy. Who made an economically efficient choice?

Referring to Table 12.2, if the nominal interest rate is 9.5 percent and there is no inflation, which investments will be undertaken?

A) E and D B) E C) C, D, E D) none of the above

In a direct, majority-rule vote,

a. all voters get what they want b. a majority of voters get exactly what they want c. only the median voter is completely satisfied d. a minority of voters are dissatisfied e. only the median voter is dissatisfied