The Impossibility Theorem Is the Idea That

question 260

Multiple Choice

The impossibility theorem is the idea that

• A) we cannot devise a voting scheme that respects individual preferences and gives consistent, non-arbitrary results.
• B) it is impossible to exclude someone from enjoying the benefits of a public good.
• C) it is impossible for lawmakers to get legislation passed without agreeing to help other lawmakers get their legislation passed.
• D) private parties cannot arrive at the efficient solution without government intervention.