Pairwise Majority Voting Meets the _______ Criterion for an Ideal

question 21

Multiple Choice

Pairwise majority voting meets the _______ criterion for an ideal voting system, but fails the _______ criterion.

• A)unanimity; independence of irrelevant alternatives
• B)independence of irrelevant alternatives; unanimity
• C)transitivity; unanimity
• D)independence of irrelevant alternatives; transitivity

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Definitions:

Co-payment

A fixed amount paid by a health insurance plan member for covered services, with the remainder being covered by the insurance.

Deductible

The amount paid out of pocket by the policyholder before an insurance policy begins to pay.

Incentivize

To provide motivation or encouragement through rewards or benefits, aiming to promote certain behaviors or actions.

Insurable Interest

A principle that requires an individual to have a stake in the safety or preservation of the insured object against loss or damage.