Pair-wise majority voting eliminates which problem?

A. Majority options problem
B. Swing-vote problem
C. Misalignment problem
D. Third party problem


D. Third party problem

Economics

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The LM curve becomes steeper if there is __________ in the interest-sensitivity of __________ demand

A) an increase; money B) an increase; investment C) a decrease; money D) a decrease; investment

Economics

Because monopolists are protected by high barriers to entry, they:

a. may be able to earn long-run economic profits. b. will not minimize the per-unit cost of producing their output. c. will price their product at the highest possible price. d. seek economic profit; however, they are not able to earn it in the long run.

Economics

In a debate on the state of the economy Senator A pointed out that the price of clothing, fruits, and computers had decreased slightly over the last year, while Senator B stated that the inflation rate had increased over the last year. In this example, aggregate data is being used by:

A. Senator B. B. neither senators. C. both senators. D. Senator A.

Economics

Suppose supply decreases, but there is no change in demand. As the market reaches its new equilibrium:

A. excess supply will lead the price to fall. B. excess demand will lead the price to fall. C. excess supply will lead the price to rise. D. excess demand will lead the price to rise.

Economics