Table 22-17
-Refer to Table 22-17. The table shows the preferences of three types of voters over three possible outcomes: A, B, and C. In addition, the table shows the percentage of voters of each type. Based on this information, which of the following statements is true?
A)As the Condorcet Paradox predicts, majority rule fails to produce transitive preferences for society.
B)As Arrow's Impossibility Theorem demonstrates, it is impossible from this information to determine which outcome the voters prefer.
C)The median voter theorem allows us to conclude that in a vote between B and C, B will win since the Type 2 voter is the median voter.
D)While the Condorcet Paradox predicts that majority rule may not produce transitive preferences for society as a whole, society's preferences in this case are transitive.

Question

Table 22-17 
-Refer to Table 22-17. The table shows the preferences of three types of voters over three possible outcomes: A, B, and C. In addition, the table shows the percentage of voters of each type. Based on this information, which of the following statements is true?
A)As the Condorcet Paradox predicts, majority rule fails to produce transitive preferences for society. 
B)As Arrow's Impossibility Theorem demonstrates, it is impossible from this information to determine which outcome the voters prefer. 
C)The median voter theorem allows us to conclude that in a vote between B and C, B will win since the Type 2 voter is the median voter. 
D)While the Condorcet Paradox predicts that majority rule may not produce transitive preferences for society as a whole, society's preferences in this case are transitive.

Quizplus · Accepted Answer

The table shows that a majority of each voter type (Type 1, Type 2, and Type 3) prefers outcome A over B, outcome B over C, and outcome C over A. Therefore, society's preferences are transitive, even though the Condorcet Paradox suggests that majority rule may not always produce transitive preferences. The statement about Arrow's Impossibility Theorem is incorrect since the information provided in the table allows us to determine the preferences of each voter type and the overall societal preferences. The median voter theorem is not applicable in this case since it only applies when there are two options to choose from, not three.

Table 22-17 -Refer to Table 22-17. the Table Shows the Preferences of the Preferences