One Disadvantage of Qualified Majority Rule Is That

question 1

Multiple Choice

One disadvantage of qualified majority rule is that

• A)it can protect against poorly made and hasty decisions.
• B)it can disadvantage large proportions of the population.
• C)it can give a small minority the power to block proposals favored by a large majority.
• D)it disqualifies some individuals from running for office.

Describe how international laws govern relationships between nations, particularly in conflict situations.

Understand the concept of international business arbitration.

Recognize the importance of ethics in decision-making within organizations.

Identify the characteristics and implications of supranational laws on member states.

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Definitions:

Short-run Cost Function

The costs a company incurs in the production of goods or services within a short period, considering some inputs are fixed.

Long-run Cost Curve

A graphical representation showing the minimum cost at which a firm can produce any given level of output in the long run, when all inputs are variable.

Hair Dryers

Electrical devices used to blow dry hair by emitting warm air.

Economies of Scope

Cost advantages that arise from a firm or company expanding its product line or markets, exploiting shared resources or technologies.