The idea that a voting scheme cannot be devised that respects individual preferences and gives consistent, nonarbitrary results is known as
A) the impossibility theorem.
B) the independence of irrelevant alternatives.
C) logrolling.
D) Samuelson's theory.
Correct Answer:
Verified
Q255: The property that a person owns at
Q256: Income is a stock measure.
Q257: _ argued for a tax on consumption
Q258: Consumption is a flow measure.
Q259: _ argued for a tax on consumption
Q261: Logrolling occurs when
A) congressional representatives trade votes.
B)
Q262: In the private sector where firms compete
Q263: The voting paradox demonstrates how majority-rule voting
Q264: The voting paradox is an example of
Q265: The impossibility theorem is the idea that
A)
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