Exam 17: Web: Political Economy

Mary, June, and Kay are three siblings who have been asked by their parents to decide where they would like to go for their vacation. They have been given three options- a beach that is 100 miles away, a waterfall that is 300 miles away and an old city of historic importance which is 120 miles away. The table below lists the preferences of the three siblings. -Refer to the table above. If there is a vote between the beach and the old city,________.

________refers to the condition that if there is a vote between two options, 1 and 2, and all voters prefer 1 to 2, then 1 should be selected.

Three students share an apartment. They are planning to buy a common television set and have decided to choose one among three different models through voting. Model A is the most expensive, Model B is neither too expensive nor too cheap, and Model C is the least expensive. The table below shows their respective preferences for each model. -Refer to the table above. Mike will reach his political bliss point if________.

Three students share an apartment. They are planning to buy a common television set and have decided to choose one among three different models through voting. Model A is the most expensive, Model B is neither too expensive nor too cheap, and Model C is the least expensive. The table below shows their respective preferences for each model. -Refer to the table above. Which of the following statements is true?

Layla prefers reading to walking and walking to swimming. If her preferences are transitive, ________.

________refers to the condition that if there is a vote between 1 and 2, then the preferences of voters concerning the comparison of one of these against some third option, say option 3, should have no bearing on the outcome of the vote.

Which of the following best illustrates the property of transitivity of preferences?

Jim prefers Hotel A to Hotel B and Hotel B to Hotel C. If Jim?s preferences are transitive,________.

Which of the following is an example of a conflict of interest?

What does the Median Voter Theorem state?

What was the Fox News effect?

An individual prefers Choice A to Choice B and Choice B to Choice C. His preferences are transitive if ________.

The table below shows the preferences of three neighbors regarding the number of security guards they need to guard their locality. -Refer to the table above. Which of the following is true?

Mary, June, and Kay are three siblings who have been asked by their parents to decide where they would like to go for their vacation. They have been given three options- a beach that is 100 miles away, a waterfall that is 300 miles away and an old city of historic importance which is 120 miles away. The table below lists the preferences of the three siblings. -Refer to the table above. Mary will reach her political bliss point if ________.

Conflict of interest arises in a society because ________.

The term ________ refers to an individual's most preferred policy option.

Political economy is the study of ________.

The term democracy has its roots in ________.

The table below shows the preferences of three neighbors regarding the number of security guards they need to guard their locality. -Refer to the table above. Which of the following is true?

The ________refers to the failure of transitivity in collective preferences implied by voting behavior.