Pair-wise majority voting ________ the criteria of an ideal voting system.
A. meets all of
B. fails to meet all of
C. fails to meet one of
D. fails to meet two of
Answer: C
Economics
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Competition
A) cannot be eliminated unless scarcity is eliminated. B) causes people to hope others will fail. C) compels people to do only what is in the public interest. D) only exists in capitalist societies. E) only exists in societies with fiat currency.
Economics
Refer to above figure. While selling exports it would also maximize its domestic sales by equating its marginal (opportunity) cost to its marginal revenue of $5. How much steel would the firm sell domestically, and at what price?
What will be an ideal response?
Economics