Arguably the simplest voting system is:
A. pair-wise majority voting.
B. instant runoff voting.
C. approval voting.
D. first-past-the-post voting.
Answer: D
You might also like to view...
If beef and pork are substitutes for consumers, the cross elasticity of demand between the two products must be
A) negative. B) positive. C) indeterminate. D) elastic. E) greater than 1.
The spread between the interest rates on bonds with default risk and default-free bonds is called the
A) risk premium. B) junk margin. C) bond margin. D) default premium.
Which of the following represents a normative statement? a. A decrease in price leads to an increase in quantity demanded
b. The study of economics is more important than the study of history. c. People will buy less butter at $1.50 per pound then they will at $1.00 per pound. d. As an economy develops, the nation's birth rate tends to fall.
The money supply in Muckland is $100 billion. Nominal GDP is $800 billion and real GDP is $200 billion. What are the price level and velocity in Muckland?
a. The price level and velocity are both 8. b. The price level is 2 and velocity is 8. c. The price level and velocity are both 4. d. The price level is 4 and velocity is 8.