Exhibit 15-3 -In Any Democratic Voting Scheme, Inefficiencies Resulting from the Constant

question 154

Multiple Choice

Exhibit 15-3
-In any democratic voting scheme, inefficiencies resulting from the constant changes in voters' priorities are unavoidable. This principle is called the

• A)median voter theorem.
• B)vote cycling theorem.
• C)convergence of positions hypothesis.
• D)Arrow impossibility theorem.
• E)voting paradox phenomenon.

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