Table 22-4

-Refer to Table 22-4. 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 22-4
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-Refer to Table 22-4. 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 Condorcet Paradox predicts that majority rule may not produce transitive preferences for society as a whole, but in this case, society's preferences are transitive.

Table 22-4 ​

Table 22-4