If Preferences Exhibit the Property of Transitivity, Then

question 399

Multiple Choice

If preferences exhibit the property of transitivity, then

• A)the preferences are irrational.
• B)individuals prefer more government involvement in private markets than do people whose preferences are not transitive.
• C)preferences change over time more quickly than when preferences are not transitive.
• D)preferences satisfy one of the properties assumed to be desirable by Kenneth Arrow in Social Choice and Individual Values.

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