Which of the following statements is true about voting results if preferences are intransitive?
a. The result of voting never reflects majority preferences.
b. It is impossible to predict the outcome when preferences are intransitive.
c. The person who sets the agenda (sequence of votes) may be able to control the outcome.
d. Only a Borda Count yields a unique result when preferences are intransitive.
C
Economics
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In periods when GDP fails to grow at its normal rate, the actual unemployment rate will be ________ than the natural rate of unemployment
A) higher B) falling faster C) lower D) the same
Economics
A fall in the price of X from $12 to $8 causes an increase in the quantity of Y demanded from 900 to 1,100 units. What is the cross elasticity of demand between X and Y?
A) 0.5 B) -0.5 C) 2 D) -2
Economics