Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
JisselFlores JisselFlores
wrote...
Posts: 478
4 years ago

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:

a.

subsidies for education

b.

research on Alzheimer's

c.

increased border security


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.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 136 times
1 Reply
Replies
Answer verified by a subject expert
KaajalpKaajalp
wrote...
Posts: 367
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

JisselFlores Author
wrote...

4 years ago
Just got PERFECT on my quiz
wrote...

Yesterday
Thanks
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  2137 People Browsing
Related Images
  
 205
  
 4491
  
 1503
Your Opinion

Previous poll results: Who's your favorite biologist?