Close(根据英文解释,请在划线部分填上一个最恰当的词语,中英文均可。) 1. Adverse selection(逆向选择) The situation that occurs when the people who are most likely to receive benefits from a certain type of insurance are the ones who are most likely to rchase it 2.Arow' s Impossibility Theorem(阿罗不可能定理) It is impossible to translate individual preferences into colletive preferences without violating at least one of a specified list of ethically reasonable conditions sck who pay for it 3. Benefits- Received principle(受益原则) Consumers of a publicly provided service 4. Capitalization (3 4t) The process by which a stream of an liabilities becomes ncorporated into the price of an asset. 5. Coase Theorem(科斯定理) Provided that transaction costs are negligible, an efficient lution to an externality problem is achieved as long as someone is assigned property rights, independent of who is assigned those rights 6. Consumer Surplus(消费者剩余) The amount by which consumers' willingness to pay for a commodity exceeds the sum they actually have to pay 7. Cost-Benefit Analysis(成本效益分析) A set of procedures based on welfare economics for guiding public expenditure decisions 8. Double- Peaked preferences(双峰偏好)If, as a voter moves away from his most preferred outcome, utility goes down, but then goes back up again 9. Edgeworth box(埃奇沃思方盒) a device used to depict the distribution of goods in a two good-two person world 10. Excess burden(超额负担) A loss of welfare above and beyond taxes collected.Also called welfare cost or dead-weight loss 11. Federal System (E#pipi) Consists of different levels of government that provide public goods and services and have some scope for making decisions 12. Free rider(免费搭车者) The incentive to let other people pay for a public good hich you enjoy the benefits 13. Functional finance(功能财政) Using fiscal policy to keep aggregate demand at the desired level, regardless of the impact on deficits 14. Horizontal equity(水平公平或横向公平) People in equal positions should be treated equally 15. Internal Debt(A it) The amount that a government owes to its own citizens 16. Local public good(地方公共产品) a public good that benefits only the members of a particular community 17. Majority Voting Rule(多数投票规则) One more than half of the voters must favor a measure for it to approved. 18. Median voter(中间投票人) The voter whose preferences lie in the middle of the set of all voters' preferences 19. Median voter Theorem(中间投票人定理) As long as all preferences are single-peaked and several other conditions are satisfied, the outcome of majority voting reflectsClose（根据英文解释，请在划线部分填上一个最恰当的词语，中英文均可。） 1．Adverse selection (逆向选择) The situation that occurs when the people who are most likely to receive benefits from a certain type of insurance are the ones who are most likely to purchase it. 2．Arrow’s Impossibility Theorem（阿罗不可能定理） It is impossible to translate individual preferences into colletive preferences without violating at least one of a specified list of ethically reasonable conditions. 3．Benefits-Received Principle（受益原则） Consumers of a publicly provided service should be the ones who pay for it. 4．Capitalization（资本化） The process by which a stream of an liabilities becomes incorporated into the price of an asset. 5．Coase Theorem（科斯定理） Provided that transaction costs are negligible, an efficient solution to an externality problem is achieved as long as someone is assigned property rights, independent of who is assigned those rights. 6．Consumer Surplus（消费者剩余） The amount by which consumers’ willingness to pay for a commodity exceeds the sum they actually have to pay. 7．Cost-Benefit Analysis（成本效益分析） A set of procedures based on welfare economics for guiding public expenditure decisions. 8．Double-Peaked Preferences（双峰偏好） If ,as a voter moves away from his most preferred outcome, utility goes down, but then goes back up again. 9．Edgeworth Box（埃奇沃思方盒） A device used to depict the distribution of goods in a two good-two person world. 10．Excess Burden（超额负担） A loss of welfare above and beyond taxes collected. Also called welfare cost or dead-weight loss. 11．Federal System（联邦制） Consists of different levels of government that provide public goods and services and have some scope for making decisions. 12．Free Rider（免费搭车者） The incentive to let other people pay for a public good which you enjoy the benefits. 13．Functional Finance（功能财政） Using fiscal policy to keep aggregate demand at the desired level, regardless of the impact on deficits. 14．Horizontal Equity（水平公平或横向公平） People in equal positions should be treated equally. 15．Internal Debt（内债） The amount that a government owes to its own citizens. 16．Local Public Good（地方公共产品） A public good that benefits only the members of a particular community. 17．Majority Voting Rule（多数投票规则） One more than half of the voters must favor a measure for it to approved. 18．Median Voter（中间投票人） The voter whose preferences lie in the middle of the set of all voters’ preferences 19．Median Voter Theorem（中间投票人定理） As long as all preferences are single-peaked and several other conditions are satisfied, the outcome of majority voting reflects