The principle that under some circumstances majority voting fails to make consistent choices reflecting the community's underlying preference is best demonstrated by the:
A. paradox of voting.
B. concept of logrolling.
C. median-voter model.
D. Coase theorem.
Answer: A
You might also like to view...
A long contract requires that the investor
A) sell securities in the future. B) buy securities in the future. C) hedge in the future. D) close out his position in the future.
Why does the trade-off between consumption goods and capital goods represent a trade-off between the present and the future?
What will be an ideal response?
It is difficult to directly compare outcomes at private schools with those at public schools because
A. private schools generally have children whose parents are more involved in their children's education. B. private schools are generally religious, and religious students do not do as well. C. private schools generally have teachers with more advanced degrees. D. private schools universally spend more per child than public schools.
A monopolist
A. is protected from competition by barriers to entry. B. must use the most efficient technology or it will be driven out of business by firms that do. C. faces the same pressures to innovate as a competitive firm does. D. faces the same pressures to cut costs as a competitive firm does.