Exhibit 15-3 -In Any Democratic Voting Scheme, Inefficiencies Resulting from the Constant

Multiple Choice

Exhibit 15-3
-In any democratic voting scheme, inefficiencies resulting from the constant changes in voters' priorities are unavoidable. This principle is called the

A) median voter theorem.
B) vote cycling theorem.
C) convergence of positions hypothesis.
D) Arrow impossibility theorem.
E) voting paradox phenomenon.