According to the majoritarian vision of democracy, what role should citizens who hold minority preferences play in determining policy?
A. They should serve as a check on the power of the majority.
B. Their opinions should be a part of a consensus that determines policy.
C. Citizens with minority preferences should have no role in the policymaking process.
D. They should be as fully involved in the process as those who hold majority preferences.
C. Citizens with minority preferences should have no role in the policymaking process.
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Sammy has a drone that he values at $1,500. Dean values the same drone at $2,000. Sammy decides to sell the drone to Dean for $1,800. If the government imposes a $250 tax on the sale of drones,
A) Sammy and Dean would not be able to complete the transaction. B) Sammy and Dean would still be able to complete the transaction. C) the tax would cause a deadweight loss of $500. D) Both A and C are correct.
Government deficits tend to increase during
A) periods of war and recession. B) periods of below- or above-average growth. C) periods of increased financial uncertainty. D) recessions and booms.