The statement "There is no accounting for taste" implies
A) individuals all have the same preferences.
B) individuals all have different cardinal preferences but the same ordinal preferences.
C) individuals all have different ordinal preferences but the same cardinal preferences.
D) individuals all have different ordinal and cardinal preferences.

Question

Quizplus · Accepted Answer

The statement "There is no accounting for taste" suggests that individuals have varying tastes and preferences that cannot be explained or quantified. This implies that different people have different ordinal (ranking) and cardinal (numerical value) preferences when it comes to items or experiences. Therefore, the best choice is D which indicates that individuals have different ordinal and cardinal preferences.

The Statement "There Is No Accounting for Taste" Implies