Microeconomics

1A situation in which society may not be able to rank its preferences consistently through majority powerful to vote refers toA ) logrollingB ) the problem of votingC ) the special-interest effectD ) the median-voter model2Senator A agrees to vote for Senator Ks state right projection in exchange for Senator K voting for Senator As state project .

This is an example ofA ) the median voter modelB ) the principal-agent problemC ) the paradox of votingD ) log rolling3A special-interest lie with is one whose passage yieldsA ) king-size clubby benefits compared to external benefitsB ) great economic gains to a micro affair of pot and bitty economic losses to a large number of peopleC ) grim economic losses to a small number of people and large economic losses to a large number of peopleD ) large external benefits compared to snobbish benefits4In the Alcoa case of 1945 the courts held thatA ) firms which sell more than one-half of their output abroad are take over from justB ) only contracts and combinations that unreasonably make trade are in encroachment of the Sherman ActC ) the mere self-will of monopoly power is a violation of the antitrust lawsD ) retail and wholesale firms are exempt from antitrust legislation5Because majority voting fails to comprise the strength of the preferences of individual voters , itA ) produces economically inefficient outcomes under about circumstancesB ) creates negative externalitiesC ) lead s to market failureD ) leads to political s! ympathies dominated by special...If you compulsion to get a climb essay, order it on our website: OrderCustomPaper.com

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