Majority Rule Allocates Resources in the Way That

question 114

Multiple Choice

Majority rule allocates resources in the way that

• A)politicians choose.
• B)a majority of voters choose.
• C)democracies choose.
• D)all voters choose.
• E)the military chooses.

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Definitions:

Unequal Income Distribution

The disparity in earnings among different individuals or groups in an economy, often measured by metrics like the Gini coefficient.

Equality Of Income

Describes a situation where income is distributed evenly across all members of a society, minimizing the gap between the highest and lowest earners.

Incentive

A motive or condition that encourages or motivates individuals or organizations to act in a certain way.

Produce

Fresh fruits and vegetables that are grown for consumption.