Voting and Other Democratic Procedures

question 159

Multiple Choice

Voting and other democratic procedures:
I. provide information about an individual's preferences for public goods.
II. result in an efficient allocation of resources.
III. result in the government underproducing public goods, just like the market would.

• A) I and II only
• B) I and III only
• C) III only
• D) I only

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Definitions:

Complex Ideas

Thoughts or concepts that are composed of multiple elements, requiring significant thought or abstraction to understand.

Brand Extensions

The practice of extending an existing brand name to new product categories or markets to leverage existing brand equity.

CPM

Cost per thousand impressions, a common metric used in advertising to denote the cost of 1,000 advertisement impressions on one webpage.

CPM

Cost Per Thousand Impressions, a marketing metric used to denote the expense of advertising per 1000 views or displays of an advertisement.