According to the Paradox of Voting

question 121

Multiple Choice

According to the paradox of voting,

• A)public goods that cost more than the total benefits they confer may get produced under majority voting.
• B)trading of votes may either add to or subtract from economic efficiency.
• C)the median voter decides what public goods all voters should have.
• D)majority voting fails, under some circumstances, to make consistent choices that reflect the community's underlying preferences.

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Definitions:

Original Principal

The initial amount of money borrowed or invested, not including any interest or earnings.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, thereby eroding purchasing power.

Future Date

A specified time in the future, often used in the context of planning, forecasting, or setting deadlines.

Compounded Monthly

A method of calculating interest where the interest is added to the principal amount each month, with each subsequent calculation including the previously accumulated interest.