The Arrow Impossibility Theorem Shows That

question 177

Multiple Choice

The Arrow impossibility theorem shows that

• A)democracy should be abandoned as a form of government.
• B)it is impossible to improve upon democratic voting methods as a mechanism for social choice.
• C)all voting systems are flawed as a mechanism for social choice.
• D)the median voter's preferences will always win in a two-way vote.

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Definitions:

Cost-Benefit Analysis

The relationship between the costs of a program and its benefits.

Monitoring

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