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Title: Suppose $1 billion is available in the budget and Congress is considering allocating the funds to ... Post by: JisselFlores on Oct 10, 2019 Question 1. In general, the supply curve for a natural resource ▸ is vertical. ▸ slopes upward. ▸ is horizontal. ▸ slopes downward to reflect decreasing available quantities over time. Question 2. Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives:
If voters prefer a to b and b to c, then if preferences are transitive, ▸ they should be indifferent between a and c. ▸ they should prefer a to c. ▸ they should prefer c to a. ▸ it is not always possible to rank voters' preferences between a and c. Title: Suppose $1 billion is available in the budget and Congress is considering allocating the funds to ... Post by: Kaajalp on Oct 10, 2019 Content hidden
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