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

You might also like to view...

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