What is Codorcet’sparadox?
A. An option that beats all other options in a series of pair-wise contests.
B. A situation in which an actor has cyclical (non-transitive) preferences over alternatives.
C. A situation in which the collective preferences of a group are not guaranteed to be rational, even though each of the actors in the group individually have rational preferences.
C. A situation in which the collective preferences of a group are not guaranteed to be rational, even though each of the actors in the group individually have rational preferences.
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The excesses of the Johnson and Nixon administrations led to the creation of which agency?
A. The Congressional Budget Office (CBO) B. The Council of Economic Advisors (CEA) C. The General Accounting Office (GAO) D. The Office of Management and Budget (OMB)
The General Agreement on Tariffs and Trade had what effect?
A)It liberalized trade policy globally. B)It implemented monetary policy in states. C)It required states to use fiscal policy. D)It increased barriers in trade.
The L.A. Community College District is governed by an elected seven-member Board.
a. True b. False
What are the features of Social Security and the income security programs in the United States? Why was this structure created, and what are the benefits? Specifically, what are the problems with Social Security, and what solutions are available to
government to solve them? What will be an ideal response?