Why do people prefer to possess a stable currency?
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Why are people who possess specific human capital less likely to change jobs, other things being equal, than those who possess general human capital? Does this imply that people who possess large amounts of specific human capital will never migrate?
Carrboro has three equal-sized groups of people: (1) type A people consistently prefer more police protection to less; (2) type B people prefer high levels of police protection to low levels and they prefer low levels to medium levels; (3) type C people prefer medium levels to low levels, which they in turn prefer by a modest amount to high levels.
(a) Which types of people have single-peaked preferences? Which have multi-peaked preferences?
(b) Will majority voting generate consistent outcomes in this case? Why or why not?
When people refer to a painting, film, sculpture, or other work of art as being a social commentary, what do you think they mean? Do you prefer art that makes a statement about society, or do you prefer art that does not? Why?