Another name for plurality voting is:

A. pair-wise majority voting.
B. instant runoff voting.
C. approval voting.
D. first-past-the-post voting.


Answer: D

Economics

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Suppose a firm has a variable cost function VC = 20Q with avoidable fixed cost of $50,000. For regulators, the first-best regulated price is ______; the second-best regulated price is ____.

A. $80; $480 B. $480; $105 C. $80; $105 D. $105; $80

Economics

The cumulative power of productivity growth: a. emphasizes the importance of short-term growth. b. emphasizes the importance of long-term growth. c. emphasizes the importance of capital–labor ratio. d. increases poverty in an economy

e. leads to capital deepening

Economics

In the used car market, the less-informed party is the ________. In the health care market, the less-informed party is the ________.

A. buyer; seller B. seller; buyer C. buyer; government D. seller; government

Economics

If a good sells for $10 domestically and the same good sells for $7 abroad, then this firm is engaging in

A) marginal cost selling. B) price discrimination. C) price differentiation. D) dumping.

Economics