If All Voters Have Single-Peaked Preferences, Then Under Majority Rule

question 14

Multiple Choice

If all voters have single-peaked preferences, then under majority rule:

• A) cycling of political outcomes can occur.
• B) a political equilibrium exists.
• C) the political equilibrium is the median most-preferred outcome.
• D) both b and c

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Definitions:

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, aiming to standardize laws across states.

Negligent

Failing to take proper care in doing something, resulting in damage or harm to another person.

Certified Check

A check verified by a bank, confirming that the signer has enough funds in their account to cover the check amount.

Cashier's Check

A check issued by a bank, drawn on the bank's own funds and signed by a cashier, used for guaranteed payment.