Which of the following is true of government activities under a system of representative democracy?
a. If a majority favors an activity, it must be productive.
b. If a majority opposes an activity, it must be counterproductive.
c. When voters pay in proportion to benefits received, productive activities undertaken by the government will be favored by an overwhelming majority of voters.
d. When voters pay in proportion to benefits received, productive activities will generally be defeated under a majority rule vote.
C
Economics
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The payment received by suppliers of entrepreneurial skills is called rent
Indicate whether the statement is true or false
Economics
If barbers in Mexico are just a productive as their counterparts in the United States then why do they earn lower wages?
What will be an ideal response?
Economics