Answer the following statement(s) true (T) or false (F)

1. It’s possible to avoid the potential for group intransitivity that arises in majority rule round-robin tournaments by imposing an agenda.
2. The chaos theorem shows that it is, at the very least, difficult to interpret the outcome of any group decision-making process as necessarily reflecting the will of the group.
3. Most people associate democracy with majority rule.
4. It should be clear by now that the most basic implication of Arrow’s theorem is this: there’s no perfect set of decision-making institutions.

1. True
2. False
3. True
4. True