Suppose That There Are 175 Voters in an Election and That

question 210

Multiple Choice

Suppose that there are 175 voters in an election and that 80 of them prefer a $100 budget while the remainder prefer a $150 budget. Which of the following statements is true?

• A)The Condorcet Paradox predicts that the $100 budget will win even though fewer people prefer that budget.
• B)The median voter theorem predicts that the winning budget will be $125, the median of the preferences of the two types of voters.
• C)Arrow's impossibility theorem says that the winning budget cannot be determined in this election since there is no unanimity.
• D)None of the above.

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Definitions:

Loan Sharking

The practice of lending money at excessively high rates of interest, often with the threat of violence for non-repayment.

Property Crime

Crimes that involve the theft or destruction of someone else's property, including burglary, larceny, auto theft, and arson.

Violent Crime

Offenses that involve force or the threat of force against individuals, including murder, assault, and robbery.

Armed Robberies

The act of stealing from someone or somewhere using weapons and force.