Condorcet's Paradox occurs when:
a. majority rule voting cycles among alternatives.
b. majority rule voting results in decisions that are not Pareto optimal.
c. point voting yields indeterminate results.
d. point voting results in decisions that are not Pareto optimal.
a
Economics
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Checking deposits at banks are
A) money. B) not money because they are an intangible. C) money only because they are insured by the FDIC. D) not money until they are converted into currency.
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Under most circumstances, the application of taxes on goods will only affect who gets the goods
Indicate whether the statement is true or false
Economics