Majority rule voting
A. requires a simple majority greater than half the voters.
B. requires that rules of order be established.
C. does not occur in democracies.
D. can only be applied to single issues.
A. requires a simple majority greater than half the voters.
You might also like to view...
Ryan experiences an increase in his wages. The hours of labor that he supplies to the market would increase if
a. the income effect is larger than the substitution effect. b. the substitution effect is larger than the income effect. c. neither the income effect nor the substitution effect apply to Tom's labor-leisure tradeoff. d. Ryan views both labor and leisure as inferior goods.
If the price of rubber (an input to the production of tires) increases:
A. the supply of tires will decrease. B. the supply of tires will increase. C. the demand for tires will decrease. D. the demand for tires will increase.
A trader that is long in the futures market has purchased a futures contract
a. true b. false
What would it mean if a demand curve sloped upward and to the right?
A. Quantity demanded decreases as the price increases. B. There is no relationship between price and quantity demanded. C. Quantity demanded increases as the price decreases. D. Quantity demanded increases as the price increases.