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Author Question: Which of the following is a consequence of the voting paradox? A) The collective preferences of ... (Read 108 times)

tth

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Which of the following is a consequence of the voting paradox?
 
  A) The collective preferences of voters are not transitive and voting outcomes are inconsistent.
  B) Individuals and firms who benefit from government actions engage in rent seeking.
  C) A majority of voters elect a candidate that does not represent the preferences of the voter who is in the political middle.
  D) Politicians support small groups of individuals and firms that benefit from special interest legislation, rather than a much larger group of voters who pay the cost for this legislation.

Question 2

Refer to Figure 15-9. What is the economically efficient output level?
 
  A) 600 units B) 800 units C) 940 units D) 1160 units


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mk6555

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tth

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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