If Preferences Exhibit the Property of Transitivity, Then

question 39

Multiple Choice

If preferences exhibit the property of transitivity, then

• A)the preferences are irrational.
• B)people prefer more government involvement in markets than do people whith non-transitive preferences.
• C)preferences satisfy one of the properties assumed to be desirable by Kenneth Arrow.
• D)preferences change over time faster than when preferences are not transitive.

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