IM – 9 | 24
23. D = countries that have been living under a dictatorship; F = countries familiar with social
requirements of democracy; T = countries that will make a successful quick transition to
24. ▲C = people identical to Cobweb; L = liberals; T = officials who like to raise taxes
All C are L.
25. I = investor-held securities; R = companies that should be allowed to raise rates; P = public
utilities
26. Note: these terms are easily confused, since it’s natural to represent two of them with the
letter “C.”
27. I = things that are important to learn; U = things that are not useful; C = chemistry (things
identical with chemistry)
28. Getting students to represent this one correctly can be instructive, but it can also be a lot
like pulling teeth.
W = stockholders’ information about a company’s worth; M = information that must come
from the managers of a company; B = information that must come from the very people
who are trying to buy the stock from stockholders.
All W are M.