Briefly explain the difference between naive voting and strategic voting
What will be an ideal response?
Naive voting refers to voting in accordance with one's true preferences. Strategic voting refers to voting against one's true preferences in the initial rounds of a runoff election in order to prevent the selection of an undesirable alternative in the final round of the election.
Economics
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Aggregate demand is the relationship between the quantity of real GDP demanded and the ________
A) price level B) money wage rate C) real wage rate D) nominal GDP demanded
Economics
If an individual's budget constraint shifts, the individual's changes in consumption can be broken down into _____ and _____ effects
a. budget; consumption b. income; substitution c. utility; indifference d. wealth; savings
Economics