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

question 8

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) are correct.

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Definitions:

Subject-To Clause

A term making a contract conditional on future events.

Love And Affection

An emotional state or feeling of strong attachment and personal bond towards another person or persons.

Adequate Consideration

The fair and reasonable value exchanged in a contract that is sufficient to make the agreement binding and enforceable.

Requirement

is a necessary or obligatory condition that must be met or complied with, often specified for purposes like quality, safety, or performance.