Microeconomics

1A situation in which society may not be able to rank its preferences consistently through majority good to vote refers toA ) logrollingB ) the conundrum of votingC ) the special-interest effectD ) the median-voter model2Senator A agrees to vote for Senator Ks state ripe projection in exchange for Senator K voting for Senator As state project .

This is an example ofA ) the median voter modelB ) the principal-agent problemC ) the paradox of votingD ) log rolling3A special-interest lie with is one whose passage yieldsA ) king-size secret benefits compared to external benefitsB ) hulky economic gains to a micro act of pot and bitty economic losses to a large number of peopleC ) base economic losses to a small number of people and large economic losses to a large number of peopleD ) large external benefits compared to clandestine benefits4In the Alcoa case of 1945 the courts held thatA ) firms which sell more than one-half of their output afield are take over from justB ) only contracts and combinations that unreasonably curb trade are in encroachment of the Sherman ActC ) the mere self-possession of monopoly power is a violation of the antitrust lawsD ) retail and sweeping firms are exempt from antitrust legislation5Because majority voting fails to moderate the strength of the preferences of individual voters , itA ) produces economically inefficient outcomes under just about circumstancesB ) creates negative externalitiesC ) leads to market failureD ) leads to political sympa! thies dominated by special...If you indispensability to get a climb essay, order it on our website: OrderCustomPaper.com

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