If the Only Information We Had About Goldie Were That

question 14

Multiple Choice

if the only information we had about Goldie were that she chooses the bundle (6, 6) when prices are (6, 7) and she chooses the bundle (10, 0) when prices are (5, 5) , then we could conclude that

• A)the bundle (6, 6)is revealed preferred to (10, 0)but there is no evidence that she violates WARP.
• B)Goldie violates WARP.
• C)the bundle (10, 0)is revealed preferred to (6, 6)and she violates WARP.
• D)neither bundle is revealed preferred to the other.
• E)the bundle (10, 0)is revealed preferred to (6, 6)but there is no evidence that she violates WARP.

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Definitions:

Hungarian Protest

Refers to various demonstrations or rebellions by the Hungarian people historically, often against government policies or foreign influence.

Discriminatory Policies

Practices or laws that unfairly discriminate against individuals or groups based on race, gender, age, nationality, religion, or other characteristics, leading to unequal treatment or opportunities.

Soviet Control

The political, military, and economic domination by the Soviet Union over various countries, particularly in Eastern Europe, during the Cold War.

Suez Crisis

The Suez Crisis was a diplomatic and military confrontation in late 1956 involving Egypt, Israel, France, and the United Kingdom, centered around the control of the Suez Canal, a key waterway for international trade.