Multiple Choice
The Arrow impossibility theorem states that
A) no system of voting can be devised that will always consistently represent the underlying preferences of voters.
B) it is impossible for a majority voting system not to consistently represent the preferences of voters.
C) it is impossible to separate corporate desires from public bureaucracy.
D) no system of voting can be devised that will ensure a 100 percent voter turnout.
Correct Answer:

Verified
Correct Answer:
Verified
Q137: Figure 18-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 18-5
Q138: Congressman Gallstone seeks support from his colleagues
Q139: The federal government does not tax employees
Q140: Horizontal equity is achieved when taxes are
Q141: As a group, people with high incomes
Q143: The marginal tax rate is<br>A)the amount of
Q144: What is logrolling?<br>A)a situation where a policymaker
Q145: The excess burden of a tax<br>A)measures the
Q146: The public choice model asserts that the
Q147: Figure 18-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 18-2