Examlex
The essential elements found in the human body are classified as major, trace, and ultratrace based on their concentration levels. What are the concentration ranges that define each of these classifications?
Transitive Preferences
A condition in decision-making where if an individual prefers option A over option B and prefers option B over option C, then the individual also prefers option A over option C.
Median voter theorem
A theory suggesting that the outcome of a majority rule voting system will represent the preferences of the median voter.
Majority rule
A decision-making process where the option that receives more than half of the votes wins.
Arrow's Impossibility Theorem
A theory stating that no rank-order voting system can meet a set of reasonable fairness criteria simultaneously.
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