Refer to the table. The outcomes of the three possible sets of paired-choice majority votes illustrate the:





A. paradox of voting.

B. inefficiency of logrolling.

C. principal-agent problem.

D. the benefits of majority rule.


A. paradox of voting.

Economics

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A safety measure whose benefits outweigh its costs is called a ________

Fill in the blank(s) with correct word

Economics

The descriptions give the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment.1. Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month.2. George works in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in several months when national economic conditions improve.3. Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defense spending. She has been looking for similar work for a year, but no company seems interested in her aircraft design skills.4. Ricardo lost his job last year when his company downsized and laid off

middle-level managers. He tried to find another job for a year but was unsuccessful and quit looking for work.Refer to the above information. Which individual is frictionally unemployed? A. 1 B. 2 C. 3 D. 4

Economics

According to Robert Solow, the production function should be written as

A) Y = F(K, L, A). B) Y = F(K, L). C) Y = F(A, L). D) Y = F(K, A).

Economics

The beginning point of a graph (the 0,0 point) is known as: a. ground zero. b. the quadrant. c. the origin

d. variable one.

Economics