Plurality voting ___________ the ideal voting-system criteria.
A. meets all
B. fails one of
C. fails two of
D. fails all of
B. fails one of
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Refer to the figure below. 
In the figure, which interval represents a business cycle expansion?
A. A to B B. B to D C. B to C D. A to C
Who still has to economize?
A) The senior citizen who receives a 10% discount at the local coffee shop B) The day-after-Christmas shopper who enjoys sales of up to 70% on holiday merchandise C) Bill Gates D) All of the above. E) None of the above.
Which of the following statements is true?
A) A worker who undertakes general training is likely to earn above his value of marginal product. B) Firm-specific training results in gains to a worker and not to an employer in the labor market. C) Job-specific training results in gains to a worker's employer, but it does not result in gains to the worker in the labor market. D) Training received by a worker does not affect his wages as wage rates are determined by the forces of demand and supply in the labor market.
Both the permanent-income and life-cycle hypotheses make the assumption that people prefer a ________ consumption pattern in the long run, and so have a ________ short-run MPC out of sudden changes in income
A) smooth, low B) smooth, high C) jagged, low D) jagged, high