The optimal collective decision rule _____
a. will be 100 percent if collective decision-making costs are high
b. will be simple majority rule if external costs are extremely large
c. has declining external costs as voting rule moves from unanimity
d. is likely to be less than majority rule
c
Economics
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________ emphasize(s) that changing expectations about the future is the main reason behind fluctuations in the economy
A) The real business cycle theory B) Keynesian theory C) Ricardian theory D) Monetary theories
Economics
Suppose that you have saved $100 . You can spend it today or you can put it in your savings account for a year and earn 5% interest. What is the opportunity cost of spending the money today?
What will be an ideal response?
Economics