In a Group of 50 Voters, Each Person Has One

question 52

Multiple Choice

In a group of 50 voters, each person has one vote, and the quota is a simple majority. What is the Shapley-Shubik index for each voter?

• A)1/2
• B)13/50
• C)13/25
• D)1/50

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Definitions:

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time frame.

Comparative Advantage

The capacity of a nation or company to manufacture a specific good or service with a lower opportunity cost compared to its rivals.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors with the same resources.

Production

Any good or service for which people are willing to pay.