One property of Kenneth Arrow's "perfect" voting system is that the ranking between any two outcomes A and B should not depend on whether some third outcome C is also available. Arrow called this property
a. transitivity.
b. pairwise perfection.
c. independence of irrelevant alternatives.
d. irrelevance of social choices.
c
Economics
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__________ the required reserve ratio will __________ the potential for multiple expansion
A) Raising; increase B) Lowering; decrease C) Raising; decrease D) None of the above.
Economics
The U.S. Postal Service is an example of a(n):
a. oligopoly b. perfectly competitive market c. monopoly d. monopolistically competitive market
Economics