A. car licenses are very expensive vehicle entry to the city center is very restricted road pricing is being introduced and modern cheap rail transport is being expanded. B. london C. athens D. singapore
A. The average preferred outcome wins B. There is no clear winner due to arrow’s impossibility theorem. C. The outcome preferred by the median voter wins D. The outcome preferred by the greatest number of voters wins.
A. People give too much weight to a small number of vivid observations B. People easily change their minds when confronted with new information C. People enjoy going to the doctor D. People tend to plan ahead and follow through on their plans
A. all costs are fixed in the short run. B. all costs are variable in the long run C. all costs are variable in the short run D. all costs are fixed in the long run
