In a direct, majority-rule vote,
a. all voters get what they want
b. a majority of voters get exactly what they want
c. only the median voter is completely satisfied
d. a minority of voters are dissatisfied
e. only the median voter is dissatisfied
C
Economics
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If additional units of a good are produced at an increasing opportunity cost, the production possibilities frontier would be bowed outward (concave)
Indicate whether the statement is true or false
Economics
Why is wage and price flexibility crucial to the idea of the "invisible hand?"
What will be an ideal response?
Economics