The Borda count fails to satisfy which of Kenneth Arrow's properties of a "perfect" voting system?
a. no dictator
b. unanimity
c. transitivity
d. independence of irrelevant alternatives
d
Economics
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Which of the following is an example of a pure private good?
A) a lighthouse B) burritos C) a high school football game D) redwood forests
Economics
To reduce labor surplus above the equilibrium union wage level, a union may do all of the following EXCEPT
A) lengthen apprenticeship period. B) assign jobs based on seniority. C) limit the number of new members accepted. D) encourage nonunion members to join the union.
Economics