Question: The Arrow's impossibilities theorem suggests that societies do not necessarily have explicit preferences; therefore, it makes sense to speak of an optimal health policy for

The Arrow's impossibilities theorem suggests that
societies do not necessarily have explicit preferences; therefore, it makes sense to speak of an "optimal" health policy for a country
societies do not necessarily have transitive preferences; therefore, it makes sense to speak of an "optimal" health policy for a country
A and B
societies have transitive preferences; therefore, it does not make sense to speak of an "optimal" health policy for a country
societies do not necessarily have transitive preferences; therefore, it does not make sense to speak of an "optimal" health policy for a country
Question 13(1 point)
 The Arrow's impossibilities theorem suggests that societies do not necessarily have

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!