One of the merits of plurality voting is:
A. its simplicity.
B. it has all four criteria for an ideal voting system.
C. it guarantees the best option will win.
D. it produces a result that most participants are happy with.
A. its simplicity.
Economics
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Which of the following is TRUE regarding the effect expected future income has on saving?
I. As expected future income increases, saving increases. II. Young people typically save very little. III. Middle aged people, earning higher incomes, are not very big savers. A) I and III B) II only C) III only D) II and III
Economics
A supplier of an input is unlikely to have bargaining power if
A) it has a patent on the input. B) many firms can supply the input. C) the input supplied is specialized. D) it is the sole supplier of the input.
Economics