Table 22-5 the Citizens of Anytown Will Decide Whether to Build a Build

question 32

Multiple Choice

Table 22-5
The citizens of Anytown will decide whether to build a new library, a recreation center, or an arena. Exactly one of the three choices will prevail, and the choice will be made by way of pairwise voting, with the majority determining the outcome on each vote. The preferences of the voters are summarized in the table below.
-Refer to Table 22-5. If the citizens of Anytown use a Borda count, rather than pairwise majority voting, to decide what to build, then they will build a new

• A)library.
• B)recreation center.
• C)arena.
• D)None of the above is correct; a Borda count fails to produce a winner in this instance.

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Definitions:

Principal-Agent Problem

A dilemma in economics where one party (the agent) is expected to act in the best interest of another party (the principal) but may have a motivation to act in their own interest instead.

Ownership

The legal right or state of having possession and control over property, which can be an object, land/real estate, intellectual property, or a corporate entity.

Control

The power to influence or direct people's behavior or the course of events.

Owners

Individuals or entities that hold legal title or possessory rights to assets or properties.