Suppose $1 billion is available in the budget and Parliament is considering allocating the funds to one of the following three alternatives:
a) subsidies for education
b) research on Alzheimer's
c) increased subsidies for daycare
If voters prefer a to b and b to c, then if preferences are transitive,
A) they should prefer a to c.
B) they should prefer c to a.
C) they should be indifferent between a and c.
D) it is not always possible to rank voters' preferences between a and c.
Correct Answer:
Verified
Q2: Table 15.1 Q2: Tax laws affect Q3: The median voter theorem states that the Q5: The median voter model implies that Q8: Which of the following statements about rent Q9: One argument advanced in favour of reducing Q11: One argument advanced in favour of raising Q12: According to public choice theory, policymakers Q16: The median voter theorem will be an Q17: The Arrow impossibility theorem states that
A)economic efficiency but not equity.
B)equity
A)many people
A)place the
A)no system
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents