Refer to the table below, which shows the ranked preferences of voters for three alternative projects, with "1" being the top preference. This situation illustrates the voting inconsistency where a majority of voters prefer the:
A. Stadium over the park, the park over the jail, and the jail over the stadium
B. Park and jail over the stadium, and the jail over the park
C. Stadium over the jail, the jail over the park, and the park over the stadium
D. Stadium and jail over the park, and the park over the jail
C. Stadium over the jail, the jail over the park, and the park over the stadium
Economics
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The contribution to output growth of technological progress is estimated by how much of the output growth can be explained by the growth in inputs
Indicate whether the statement is true or false
Economics
What is the opportunity cost of investing $10,000 of your own money into a business you wish to start?
What will be an ideal response?
Economics