Arrow's impossibility theorem proves that
a. no voting system can satisfy several preferable properties at the same time
b. politicians will never be able to satisfy the median voter.
c. politicians will never be able to act fully in the best interests of the public good.
d. no voting system will ever depend on the median voter.
a
Economics
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If the Fed sells government securities, other interest rates ________ and then exchange rate ________
A) rise; does not change B) fall; falls C) do not change; rises D) rise; falls E) rise; rises
Economics
"Banks make a profit by paying depositors a high rate to attract funds and making loans at a low rate to encourage borrowing." Is the previous statement correct or not?
What will be an ideal response?
Economics