Question: The voting paradox refers to the _ _ _ _ _ _ _ _ _ _ of majority voting to always result in _ _

The voting paradox refers to the__________ of majority voting to always result in__________.
A.
success; efficient outcomes
B.
success; consistent outcomes
C.
failure; consistent outcomes
D.
None of the above is correct.
Part 2
The Arrow impossibility theorem states that__________ can be devised so that it will consistently__________ the underlying preferences of voters.
A.
no system of voting; represent
B.
specific systems of voting; represent
C.
any system of voting; not represent
D.
None of the above is correct.
Part 3
The median voter theorem states that the outcome of a majority vote is likely to represent the preferences of the voter who is
A.
in the political minority.
B.
in the political extreme.
C.
in the political middle.
D.
None of the above.

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!