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1. Which of the following is a criterion for an ideal voting system, according to economist Kenneth Arrow?

All of these are considered essential to an ideal voting system.

Unanimity

Transitivity

No dictator

2. One of the primary aims of taxation is:

to increase government revenues.

All of these are primary goals of taxation.

to reduce the equilibrium quantity.

to alter the incentives of market participants.

Business Economics, Economics

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