Use the following statements to answer this question:
I. Majority-voting always leads to an economically efficient outcome.
II. Majority-voting may generate too much or too little of a particular public good.
A) I and II are true
B) I is true and II is false
C) I is false and II is true
D) I and II are false

Question

Quizplus · Accepted Answer

Statement I is false as majority-voting may not always lead to an economically efficient outcome. Statement II is true as majority-voting may generate too much or too little of a particular public good.

Use the Following Statements to Answer This Question