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

Economics

You might also like to view...

Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. Your fixed cost is $________, and your marginal cost is $________.

A. 300/Q; 30 B. 300; 10Q C. 300; 10 D. 300/Q; 10

Economics

Explain why it is not necessary for paper money to be backed by some commodity (e.g. gold) before it can have value

Economics

Starting from short-run equilibrium, the following occurs: personal income taxes rise and foreign real national income rises. What is the effect on the price level and Real GDP in the short run?

A) The price level rises and Real GDP falls. B) The price level falls and Real GDP falls. C) The price level rises and Real GDP rises. D) The price level falls and Real GDP rises. E) There is not enough information to answer this question.

Economics

In 2012, the number of people living in the world on less than $1.90 a day was:

A. just over a quarter of the world's population. B. roughly 13% of the world's population. C. just under 10 percent of the world's population. D. just over a fifth of the world's population.

Economics