Consider the preference schedule below for three candidates. Which candidate wins by the point system (Borda count)? Is Fairness Criterion 111 satisfied? Explain.
Evaluate the following two statements. Do you agree? Why or why not?
a. "A tax that has no deadweight loss cannot raise any revenue for the government."
b. "A tax that raises no revenue for the government cannot have any deadweight loss."
Which measurement level (nominal, ordinal, interval, ratio) is each of the following variables? Explain.
Field position of a baseball player (catcher, pitcher, etc.).
Identify the major compensation decisions that HRM managers make.
