Refer to the Table

question 62

Multiple Choice

Refer to the table.The outcomes of the three possible sets of paired-choice majority votes illustrate the:

• A)paradox of voting.
• B)inefficiency of logrolling.
• C)principal-agent problem.
• D)the benefits of majority rule.

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Definitions:

Evolution

The concept that different species are descended from common ancestors but have evolved over time, acquiring different genetic characteristics as a function of different environmental demands.

Natural Selection

A fundamental mechanism of evolution where organisms better adapted to their environment tend to survive and produce more offspring.

Variability

The degree to which different data points in a set differ from each other and from their average value.

Competition

A situation in which individuals or groups strive against one another to achieve a goal that is limited and cannot be shared.