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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 22
Arrow's impossibility theorem lets us conclude that _____
a. Candidates often have the power to position themselves in order to appeal to the greatest number of voters
b. The agenda can potentially alter the outcome in elections with stages
c. Voters should vote strategically, instead of naively
d. There is no voting system that can consistently make a fair choice among three or more candidates
a. Candidates often have the power to position themselves in order to appeal to the greatest number of voters
b. The agenda can potentially alter the outcome in elections with stages
c. Voters should vote strategically, instead of naively
d. There is no voting system that can consistently make a fair choice among three or more candidates
Explanation
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Arrow's impossibility theorem:
In the y...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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