Principles of economics openstax chapter18

College PhysicsChapter # Chapter Title PowerPoint Image Slideshow Principles of Economics Chapter 18 Public Choice PowerPoint Image Slideshow... Figure 18.1While these tires may all appe

College Physics

Chapter # Chapter Title

PowerPoint Image Slideshow

Principles of Economics

Chapter 18 Public Choice

PowerPoint Image Slideshow

Figure 18.1

While these tires may all appear similar, some are made in the United States and others are not Those that are not could be subject to a tariff that could cause the cost of all tires to be higher (Credit: modification of work by Jayme del Rosario/Flickr Creative Commons)

Figure 18.2

Given these choices, voting will struggle to produce a majority outcome Turkey is favored over roast beef by 2–1 and roast beef is favored over lasagna

by 2–1 If turkey beats roast beef and roast beef beats lasagna, then it might seem that turkey must beat lasagna, too But given these preferences, lasagna is favored over turkey by 2–1