Which of the following is TRUE about the political and market systems of voting?
A. The political voting system functions according to minority rule, while the market voting system functions according to majority rule.
B. The political voting system functions according to proportional rule, while the market voting system functions according to majority rule.
C. The political voting system functions according to majority rule, while the market voting system functions according to proportional rule.
D. The political system and the market system are identical.
Answer: C
You might also like to view...
A consequence of increasing marginal costs of producing laptop computers in the United States is
A) the United States will import laptop computers from countries that don't experience increasing marginal costs. B) the United States will stop short of complete specialization in the production of laptop computers. C) the United States will not export laptop computers. D) the United States will likely impose trade restrictions on imported laptop computers.
Business cycles result from recurrent shifts of the aggregate supply and demand curves.
Answer the following statement true (T) or false (F)