Examlex
_____ is the systematic process that a layout for an approved ad goes through from concept to final printing.
Impossibility Theorem
A theory stating that no rank-order voting system can meet certain desirable criteria, famously outlined by Kenneth Arrow.
Majority Rule Voting
A decision-making process where policies, leaders, or propositions are decided based on receiving more than half of the total votes cast.
Logrolling
A practice in politics where individuals or parties exchange support for each other's proposals or legislation.
Market Failure
Occurs when resources are misallocated, or allocated inefficiently. The result is waste or lost surplus.
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