According to Arrow's impossibility theorem, all voting systems contain some inherent drawback that may prevent them from accurately capturing the preferences of the electorate in all circumstances

At Joey's Lawncutting Service, the production function is represented as: q = min(m, l), where q is the quantity of lawns mowed. The inputs are m, the lawn mower, and l, the laborer

Which graph in the above figure best represents the isoquants for Joey's Lawncutting Service when Capital per day is on the vertical axis and Labor per day is on the horizontal axis? A) Graph A B) Graph B C) Graph C D) Graph D

Deposit insurance and government's willingness to help distressed banks have virtually eliminated the potential for serious bank runs

a. True b. False Indicate whether the statement is true or false