To have an ideal voting system in place, if a group is voting on option X versus option Y, this decision should not depend on any information or preference about another unconnected option, Z. In other words, which of the following criteria must be present in the voting system?

A. Independence of irrelevant alternatives
B. Transitivity
C. No dictator
D. Unanimity

A. Independence of irrelevant alternatives

Economics

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Over the business cycle, real GDP fluctuates around

A) the business cycle trough. B) the business cycle peak. C) nominal GDP. D) potential GDP. E) the Lucas Wedge.

Economics

Even though points inside a production possibilities curve are attainable, why are they not preferred?

What will be an ideal response?

Economics