Explain in basic terms what the voting paradox is all about
What will be an ideal response?
It is a simple demonstration of how majority voting can lead to seemingly contradictory and inconsistent results.
Economics
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The statistical analysis of economic phenomena is defined as:
A. confidence intervals. B. econometrics. C. standard error. D. the t-statistic.
Economics
If the CPI is now 325, by what percent did the price level rise since the base year?
Fill in the blank(s) with the appropriate word(s).
Economics