Which of the following is not correct?
a. Pairwise voting never produces transitive preferences.
b. The order of pairwise voting can affect the result.
c. Majority voting by itself does not tell us what outcome a society really wants.
d. No voting system can satisfy all of the following properties: unanimity, transitivity, independence of irrelevant alternatives, and no dictators.
a
Economics
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Which is not an example of M1 money?
a. currency b. a mutual fund c. travelers' checks d. a checking account
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It is reasonable to expect that if one firm in an oligopolistic market raises price, the its competitors will do the same so that all firms can earn increased revenues
Indicate whether the statement is true or false
Economics