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Author Question: Economists believe a volunteer military is likely to A) cost more than a conscripted military. ... (Read 130 times)

melly21297

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on: Jun 29, 2018
Economists believe a volunteer military is likely to
 
  A) cost more than a conscripted military.
  B) cost taxpayers more than a conscripted military would.
  C) impose higher costs on military personnel than does a conscripted military.
  D) increase the percentage of incompetent people in the armed forces.

Question 2

Why do some people tip generously at restaurants to which they never plan to return?
 
  What will be an ideal response?


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kswal303

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Some people tip generously at restaurants to which they never plan to return due to their social preferences, meaning that the individual's benefits are defined not only by his or her payoffs but also by the payoffs of others. Social preferences often play an important role in economic transactions.


melly21297

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Excellent

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