The Condorcet paradox shows that

a. allocations of resources based on majority rule are always inefficient.
b. problems in counting votes can negate legitimate democratic outcomes.
c. the order on which things are voted can affect the result.
d. transitive preferences are inconsistent with rationality.

c

Economics

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When Dr. Sandy Roos treats a welfare patient and is paid by the government, the money she receives is part of the ________ category(ies) of government spending

a. income support, Social Security, and welfare b. veterans' benefits c. agriculture and public assistance d. international aid e. educational

Economics

In 2012, the combined expenditures of federal, state, and local governments in the United States were approximately

a. 9 percent of GDP. b. 24 percent of GDP. c. 38 percent of GDP. d. 45 percent of GDP.

Economics