Refer to the Table

question 195

Multiple Choice

Refer to the table. The outcomes of the three possible sets of paired-choice majority votes illustrate the

• A) paradox of voting.
• B) inefficiency of logrolling.
• C) principal-agent problem.
• D) benefits of majority rule.

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Definitions:

Capital

Financial assets or physical resources that are used by businesses to produce goods and services and generate wealth.

Rich

Having a large amount of wealth or resources, enabling a higher standard of living and purchasing power.

U.S. Farmers

Individuals or enterprises in the United States engaged in the production of food, feed, fiber, and other goods by systematic raising of plants and animals.

Produce More

Refers to the increase in the quantity of goods or services generated by a company or economy.