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autumnnelson123 autumnnelson123
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5 years ago

Question 1.

The Arrow impossibility theorem states that

• no system of voting can be devised that will always consistently represent the underlying preferences of voters.

• it is impossible for a majority voting system not to consistently represent the preferences of voters.

• it is impossible to separate corporate desires from public bureaucracy.

• no system of voting can be devised that will ensure a 100 percent voter turnout.

Question 2.

The median voter theorem will be an accurate predictor of the outcomes of elections

• only when voter turnout is very high.

• when a majority of voters have preferences very similar to those of the median voter.

• when a majority of voters have preferences different from those of the median voter.

• regardless of whether preferences among voters are similar or different from those of the median voter.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
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Nikki_LYNNNikki_LYNN
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5 years ago
Appreciate the effort, thank you!
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