Examlex

Solved

Which Economist Defined the Characteristics of an Ideal Voting System

question 61

Multiple Choice

Which economist defined the characteristics of an ideal voting system in his book Social Choice and Individual Values?


Definitions:

Present Value

The value today of a future payment, or series of future payments, discounted at some appropriate interest rate.

Earnings Rate

The rate at which an investment or savings account generates income, usually expressed as a percentage of the principal.

Compound Interest

Interest calculated on the initial principal, including all of the accumulated interest from previous periods on a deposit or loan.

Present Value Factor

A factor used in calculating the present value of a future sum of money or a stream of cash flows, given a specific interest rate.

Related Questions