Examlex
A measure of inflation that represents prices of various products, such as groceries, household products, housing, and gasoline is the ________ index.
Antitrust Exemption
Legal provisions that allow certain industries or companies to avoid full compliance with antitrust laws, often justified by arguments of national interest or market efficiency.
Voting Paradox
A situation in collective decision-making where individual preferences do not result in a consistent collective order of preferences, showing the complexity of social choice.
Impossibility Theorem
A theory stating that no rank-order voting system can meet certain desirable criteria, famously outlined by Kenneth Arrow.
Majority Rule Voting
A decision-making process where policies, leaders, or propositions are decided based on receiving more than half of the total votes cast.
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