Microeconomics

Representative democracy works best _____. a. to allocate resources w

Representative democracy works best _____. a. to allocate resources when constitutional rules limit the scope of collective action b. to equalize income when constitutional rules mandate a simple majority rule for all collective decision-making c. with a strong executive branch d. external costs of collective decision-making are extremely high   ANSWER a  

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Date: September 9th, 2020

Philosopher John Rawls developed a thought experiment to help determin

Philosopher John Rawls developed a thought experiment to help determine a standard by which we could say individuals are in agreement with the constitutional rules and, thus, actions of government. Behind his “veil of ignorance” _____. a. people know nothing about their friends and family b. people know nothing about themselves c. people know nothing […]

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Date: September 9th, 2020