In his 1951 book, Social Choice and Individual Values, Kenneth Arrow used the term "unanimity" to mean
a. A beats B only if everyone prefers A to B.
b. if everyone prefers A to B, then A beats B.
c. if A beats B and B beats C, then A must best C.
d. everyone who is eligible to vote must vote; otherwise, the outcome is invalid.
b
Economics
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Which of the following might make it inefficient for a farmer to continue growing crops on a particular piece of farmland?
A) A fall in crop prices B) A rise in the price developers are willing to pay for the land C) Erosion of the top soil D) Rezoning of the land by the county government E) Any of the above could do it.
Economics
The most prestigious stock market in the world is the
A) New York Stock Exchange. B) Chicago Mercantile Exchange. C) London Stock Exchange. D) Tokyo Stock Exchange.
Economics