Assume that voters are asked to vote for either more police protection or more schools in a community. More schools are likely to win if:
A. There is a paradox of voting
B. Median voters prefer that choice
C. Voters are ill-informed about the choice
D. There is revealed preference through voting
B. Median voters prefer that choice
Economics
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When there is an external cost, the unregulated market
A) overproduces the good or service. B) underproduces the good or service. C) reaches the most efficient solution. D) minimizes public welfare.
Economics
Which of the following is an economic activity:
A. Following the stock market B. Reading a bank statement C. Balancing a checkbook D. Purchasing a candy bar
Economics