Majority Voting Assures That Government Will Provide a Public Good

question 68

True/False

Majority voting assures that government will provide a public good if it yields total benefits in excess of total costs.

---

Definitions:

Parent Company

A company that owns more than half of another company's stock and usually has a significant influence over it, often holding a controlling interest.

Constitution

The system of fundamental principles or established precedents according to which a state or other organization is governed.

Dividends Payable

represents a company's obligation to pay its shareholders a declared amount from its earnings.

Liability

A financial obligation or amount owed by a business or individual to others, which must be settled in the future.