Arend Lijphart (2012) Argues That Consensus Democracies Perform Worse Than

question 1

True/False

Arend Lijphart (2012) argues that consensus democracies perform worse than majoritarian systems when macroeconomic outcomes, social unrest, and voter turnout are considered.

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Definitions:

Price of X

The cost or monetary value associated with acquiring, producing, or selling a good or service named X.

Quasilinear Preferences

Preferences characterized by a linear relationship in one good and non-linear in others, implying constant marginal utility for the linear good.

Consumer Surplus

The gap between the total price consumers are ready and able to spend for a good or service and what they actually spend.

Inverse Demand Function

A mathematical function that expresses the price of a good or service as a function of the quantity demanded, illustrating how price changes with variations in demand.