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Table 18-4

Foreign AidPost-Secondary EducationRoads and Bridges
Tom 3rd1st2nd
Dick 2nd3rd1st
Harriet1st2nd3rd

Refer to Table 18-4. The table above outlines the rankings of three members of the U.S. House of Representatives on three spending alternatives. Assume that Congress can spend additional revenue on only one of the three spending alternatives and that Tom, Dick, and Harriet, all members of the House of Representatives, participate in a series of votes in which they are to determine which of the spending alternatives should receive funding. Three votes will be taken: (1) Foreign Aid and Post-Secondary Education (2) Foreign Aid and Roads and Bridges and (3) Post-Secondary Education and Roads and Bridges.

Determine whether the voting paradox will occur as a result of these votes.
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Microeconomics
Edition: 7th
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First vote:
Foreign AidPost-Secondary EducationSelection
Tom3rd1stPost-Secondary Education
Dick2nd3rdForeign Aid
Harriet1st2ndForeign Aid
First vote: the majority votes for spending on Foreign Aid.

Second vote:
Foreign AidRoads and BridgesSelection
Tom3rd2ndRoads and Bridges
Dick2nd1stRoads and Bridges
Harriet1st3rdForeign Aid
Second vote: the majority votes for spending on Roads and Bridges.

Third vote:
Post-Secondary EducationRoads and BridgesSelection
Tom1st2ndPost-Secondary Education
Dick3rd1stRoads and Bridges
Harriet2nd3rdPost-Secondary Education

Third vote: the majority votes for spending on Post-Secondary Education.

The results of the voting process do illustrate the voting paradox because the preferences of Tom, Dick, and Harriet are not transitive. If their preferences were transitive, we would find that if the voters prefer to spend on Foreign Aid rather than Post-Secondary Education (the result of the first vote), and they prefer to spend on Roads and Bridges rather than Foreign Aid (result of the second vote), they should prefer to spend on Roads and Bridges rather than Post-Secondary Education. In fact, they prefer to spend on Post-Secondary Education rather than Roads and Bridges (the result of the third vote). This is an example of the voting paradox, which is defined as the failure of majority voting to always result in consistent choices.

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zar
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2 weeks ago
This helped my grade so much
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2 weeks ago
Perfect
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