Property rights need to be secure
A) to promote economic development.
B) to encourage environmentalism.
C) to promote an equal distribution of income.
D) all of these choices.
A
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Economic models do all of the following except
A) simplify some aspect of economic life. B) answer economic questions. C) make economic ideas explicit and concrete for use by decision makers. D) portray reality in all its minute details.
Which of the following is not correct?
a. Pairwise voting never produces transitive preferences. b. The order of pairwise voting can affect the result. c. Majority voting by itself does not tell us what outcome a society really wants. d. No voting system can satisfy all of the following properties: unanimity, transitivity, independence of irrelevant alternatives, and no dictators.