Multiple Choice
The situation described in the book as "Smart for One, Dumb for All" occurs when:
A) individuals, when acting rationally, benefit society as a whole.
B) individuals make better decisions when acting alone than when in groups.
C) individuals, when acting rationally, fail to take advantage of all opportunities for social benefit.
D) a market is in equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
Q90: An increase in the demand for GM
Q108: Last summer, real estate prices in your
Q109: Suppose that the equilibrium price of apples
Q110: You have noticed that there is a
Q111: As the price of flour (an input
Q114: What might cause a demand function to
Q115: The No Cash on the Table Principle
Q116: Suppose that the production of oranges reduces
Q117: Whether or not a good can be
Q118: "As the price of personal computers continues