Description
Forum 2 - Economic Efficiency
In a democracy, the government’s decisions are made by majority rule. Is majority rule a good method for the efficient and equitable allocation of resources? What are the advantages and disadvantages of allocating resources by majority rule? Do the advantages outweigh the disadvantages in your opinion? Give reasons for your views and try to head off any potential criticisms that may arise. When would majority rule allocation of resources be most appropriate, and when would it be least appropriate? If you did not investigate Madison’s Federalist Paper No. 51 when you read this week’s lesson, now is the time to do it! Remember to also use and cite multiple scholarly works, including peer-reviewed journal articles, giving attribution to your sources.
Explanation & Answer
Attached.
Running head: MAJORITY RULE ASSESSMENT
Majority Rule Assessment
Name
Institutional Affiliation
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MAJORITY RULE ASSESSMENT
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Majority Rule Assessment
Ledyard (2006), argues that a majority rule is an excellent approach to voting as it leads
to Pareto efficiency. This is a situation where tax is shared equally among the population, and
public resources are shared symmetrically. This happens when the government understands that
their duty is...
Review
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