One of the merits of plurality voting is:
A. its simplicity.
B. it has all four criteria for an ideal voting system.
C. it guarantees the best option will win.
D. it produces a result that most participants are happy with.
A. its simplicity.
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In the figure above, the Lorenz curve that shows the richest 20 of households percent receiving 60 percent of all income is
A) curve A. B) curve B. C) curve C. D) curve D.
In the long run, a perfectly competitive firm earns no accounting profits
a. True b. False Indicate whether the statement is true or false
The benefits to a country from dollarization include each of the following, except:
A. a lower risk premium since inflationary finance is no longer a possibility. B. no risk of an exchange rate crisis. C. greater and faster integration into world markets, increasing trade and investment. D. increased revenue from seignorage.
The natural rate of unemployment (i) is the economy's desirable level of unemployment. (ii) cannot be affected by economic policy. (iii) is typically constant over time
a. (i) and (ii) only b. (iii) only c. (i), (ii), and (iii) d. None of the above is correct.