A person prefers large and small levels of national defense to medium-sized levels of national defense.This person
A) is violating the law of transitivity.
B) has single-peaked preferences.
C) has multiple-peaked preferences.
D) cannot achieve his or her most-preferred outcome.
Correct Answer:
Verified
Q1: The possibility of multiple-peaked preferences cannot be
Q2: A deadweight loss is never
A) found when
Q3: In a representative democracy,there are
A) elected politicians.
B)
Q5: Government bureaucrats want larger budgets
A) because salaries
Q6: With multiple-peaked preferences,
A) a unique political equilibrium
Q7: The median voter must have preferences that
Q8: Governments grow because low income individuals cannot
Q9: Government growth has been caused by
A) citizens
Q10: Rent seeking involves
A) finding reasonable rent rates.
B)
Q11: In 2007 which country had the highest
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