Multiple Choice
Imagine that three city council members are trying to decide how to spend a surplus. The options currently being debated are (i) spend it on improving primary education in the municipality, (ii) spend it on improving the level of medical care offered by the local hospital, or (iii) lower local taxes and use the surplus to cover the costs of existing programs. The council employs majority rule to make its decisions. The councillors have the following preference orderings over the spending choices:
Councillor 1: Education Medical Tax cut
Councillor 2: Medical Tax cut Education
Councillor 3: Tax cut Education Medical
Assume that the councillors hold a round-robin tournament that pits each alternative against every other alternative in a series of pair-wise votes. The winner is the alternative that wins the most contests. Based on this information, answer the following four questions.
-Which of the outcomes, if any, is a Condorcet winner?
A) education
B) medical
C) tax cut
D) there is no Condorcet winner in this example
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Suppose that some event occurs that causes
Q17: What's the difference between a preference ordering
Q18: Describe, in your own words, each of
Q19: Imagine that three city council members
Q20: Imagine that three city council members
Q22: What is the fundamental implication of Arrow's
Q23: According to the logic of the median
Q24: Suppose now that some polarizing event occurs
Q25: Do voters need to have single-peaked preferences
Q26: assume that Councillor 3 has to