The Condorcet Voting Paradox Applies to Situations in Which Voters

question 279

Multiple Choice

The Condorcet voting paradox applies to situations in which voters

• A)decide between exactly two possible outcomes.
• B)decide among more than two possible outcomes.
• C)as a group have transitive preferences.
• D)choose the inferior candidate even though the majority preferred the better candidate.

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Definitions:

Q

Often used to denote "quantity" in economic equations and models.

Money Supply

The entirety of monetary resources accessible in an economy during a specific period.

Rational

Characterized by clear and logical thinking, often with regard to fulfilling one's personal goals or making decisions based on empirical evidence and reasoning.

Unemotional Self-interest

Refers to actions motivated purely by personal gain without regard to emotions or moral considerations.