Social choice involves all of the following except
A. consistently efficient decisions through the use of majority rule voting.
B. aggregating over individual preferences.
C. deciding what society wants.
D. understanding the incentives facing politicians and public servants.
Answer: A
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Roughly what percent of American families lived below the poverty line in 1960?
A) 8% B) 18% C) 28% D) 38% E) 48%.
What is the law of supply? What does this law imply about the shape of the supply curve?
What will be an ideal response?
Income elasticity of demand is greater than zero for all of the following except
a. restaurant meals b. beer c. owner-occupied housing d. food e. rental housing
If an individual invests $20 in a bank deposit promising an interest of 12 percent per annum, compounded annually, he will receive $40 after 8 years
Indicate whether the statement is true or false