First-past-the-post voting entails:
A. one vote with many options, and the option that gets to 51% wins.
B. one vote with many options, and the option with the most votes wins.
C. voters ranking all available options and the option most approved of wins.
D. a series of votes with two options; the winner of the first vote is paired with another option until all options have been voted on in pairs and there is one winner.
Answer: B
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Explain why it is not necessary for paper money to be backed by some commodity (e.g. gold) before it can have value
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