Which of the Following Collective Choice Rules Is Likely to Have

question 34

Multiple Choice

Which of the following collective choice rules is likely to have the lowest political externalities

• A) two-thirds majority rule
• B) simple majority rule
• C) plurality rule
• D) unanimous consent

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Definitions:

Property Right

The legal rights to possess, use, and dispose of assets, including both physical and intellectual properties.

Cap-and-Trade Program

An environmental policy that limits the total level of certain emissions while allowing industries with low emissions to sell their extra allowances to larger emitters.

Atmosphere Pollution

The introduction of harmful substances or products into the Earth's atmosphere, resulting in harm to human health, the environment, and the climate.

Adverse Selection

A situation where sellers have information that buyers do not, or vice versa, affecting transactions in a way that is disadvantageous to one party.