Social Choice Involves All of the Following Except

question 232

Multiple Choice

Social choice involves all of the following except

• A) deciding what society wants.
• B) aggregating over individual preferences.
• C) understanding the incentives facing politicians and public servants.
• D) consistently efficient decisions through the use of majority rule voting.

---

Definitions:

Double-Declining-Balance

A method of accelerated depreciation in which an asset’s book value is decreased at double the rate of its straight-line depreciation.

Sum-Of-The-Years'-Digits Depreciation

A depreciation method that results in a more accelerated write-off of an asset than straight-line depreciation, based on a sum of the years’ digits formula.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, decay, or decline in value over time.

Salvage Value

The estimated resale value of an asset at the end of its useful life, used in calculating depreciation expenses.