While cyclical majorities can lead to unstable outcomes, they generally do not because of _____

a. rational ignorance
b. double-peaked preferences
c. political institutions
d. majority rule

c

Economics

You might also like to view...

A ________ is a payment or a tax break used as an incentive for an agent to complete an activity

A) tariff B) subsidy C) wage D) rent

Economics

If one dollar buys 10 pesos, then one peso buys ten cents of a dollar

Indicate whether the statement is true or false

Economics