Suppose that in a Borda count election, outcome X is preferred to outcome Y, and outcome Y is preferred to outcome Z, when outcomes X, Y, and Z are all available options. When Y is removed as an option, however, outcome Z is preferred to outcome X. This would violate Arrow's assumption that voting systems should satisfy
a. unanimity.
b. transitivity.
c. the independence of irrelevant alternatives.
d. no dictators.
c
Economics
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If a bank holds $2000 in demand deposits and the required reserve ratio is 0.15, how much can the bank lend out?
a. $2,000 b. $1,700 c. $300 d. $150 e. $2,300
Economics
Fortunade Corporation stock has a price of $100 per share, a dividend of $1.60 per share, and retained earnings of $2.00 per share. The dividend yield on this stock is
a. 2.8 percent. b. 2.0 percent. c. 1.6 percent. d. 0.4 percent.
Economics