Suppose Everyone in a Town Votes That They Prefer Improved

question 43

Multiple Choice

Suppose everyone in a town votes that they prefer improved public transportation systems over new public parks. According to the criteria of ________________, that preference should not change even if a third option, like a new public zoo, is introduced.

• A)transitivity
• B)no dictator
• C)unanimity
• D)independence of irrelevant alternatives

---

Definitions:

Bank of the United States

A federally chartered bank in the early United States, involved in establishing the nation's financial system until its dissolution in the 1830s.

Federal Funds

Monetary resources provided by the federal government, which can be allocated to states, municipalities, or specific projects.

State-Chartered Banks

Banks that are established and regulated by a state government rather than the federal government.

Regulatory Powers

The authority granted to governmental bodies to regulate the behavior of individuals, businesses, and other entities within a society, especially in economic and social policy.