The Equation for the "Paradox of Voting" Is Expressed as PB-

question 18

Multiple Choice

The equation for the "paradox of voting" is expressed as pB- C, and it is assumed that if the value is greater than zero, the individual will vote. In this equation, ________________.

• A) p is the probability that an individual's participation will influence the outcome
• B) C is the cost of staying home and abstaining from voting
• C) B is the individual's benefit from the election outcome matching his or her preferences
• D) B is the benefit felt by the individual from turning out to vote
• E) p is the probability that an individual's participation will influence the outcome and B is the individual's benefit from the election outcome matching his or her preferences

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed by the parties involved to be enforceable.

Debt of Another

Debt of another involves liabilities or obligations that one party assumes on behalf of another party, typically through a guarantee or cosigning arrangement.

Uniform Electronic Transactions Act

A law adopted by many states in the U.S., which gives legal validity to electronic signatures and records in commercial transactions.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed to be enforceable.