Matching

question 3

Short Answer

Matching

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by many people at once without depleting the supply.

Paired-Choice Voting

A voting system in which voters choose between pairs of candidates or options in a series of rounds to identify a preferred option or candidate.

Society's Preferences

The collective desires, priorities, and tastes of a community or society, influencing consumption and production.

Paradox of Voting

A situation in which the cost of voting (time, effort) appears to outweigh the individual benefits, making it rational for people not to vote, yet people still vote.