What Term Is Used to Describe the System of Voting

question 33

Multiple Choice

What term is used to describe the system of voting where the seats of the legislature are assigned to parties based on the percentage of the popular vote that each party receives?

• A)Plurality
• B)Proportionality
• C)Mechanized
• D)Subjective
• E)Repetitional

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Definitions:

Economic Efficiency

A condition in which all resources are optimally distributed to serve each individual or entity in the best way while minimizing waste and inefficiency.

Entry Barriers

Obstacles that make it difficult for new firms to enter a market, including high start-up costs, stringent regulations, and strong incumbent competition.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over competing brands due to preference or satisfaction.

Monopoly Power

The ability of a single producer or seller in a market to control prices and exclude competition, often leading to less choice and higher prices for consumers.