Which of the Following Phrases Is Most Likely to Be

question 84

Multiple Choice

Which of the following phrases is most likely to be neutral, respectful, and inoffensive?

• A) the businessmen who run the company
• B) the new college kid in who works in engineering
• C) the accountant who spoke of his disability
• D) the ladies from the front office
• E) the handicapped worker who answers the phones

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Definitions:

Voter Failure

A situation where voters are uninformed or make irrational decisions, leading to outcomes not reflecting the true preferences of the majority.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a utility level equal to the cost of producing it.

Productive Efficiency

A situation where the economy or an economic system operates in a way that it cannot produce more of one good without affecting the production of another good.

Voting Paradox

The voting paradox, or Condorcet paradox, illustrates a situation in a voting system where collective preferences can be cyclic, even if the individual preferences are non-cyclical.