Asked by Yousef Boresli on Jun 30, 2024
Verified
Majority voting assures that government will provide a public good if it yields total benefits in excess of total costs.
Majority Voting
A decision-making process where the choice that gathers more than half of the votes wins, commonly used in democratic elections and organizations.
Public Good
A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Total Benefits
The complete range of advantages or improvements gained from a product or service, often assessed in economic terms.
- Analyze the role and effects of majority voting and the paradox of voting in political decisions.
Verified Answer
KR
Krystina RodriguezJul 02, 2024
Final Answer :
False
Explanation :
Majority voting does not always assure that a government will provide a public good if it yields total benefits in excess of total costs, due to issues like the free rider problem, distribution of benefits and costs, and potential misalignment of individual preferences with the collective decision.
Learning Objectives
- Analyze the role and effects of majority voting and the paradox of voting in political decisions.