Arrow's Impossibility Theorem Shows That No Voting System Can Satisfy

question 72

Multiple Choice

Arrow's impossibility theorem shows that no voting system can satisfy which of the following properties?

• A)unanimity and transitivity only
• B)transitivity and independence of irrelevant alternatives only
• C)no dictators and transitivity only
• D)unanimity, transitivity, independence of irrelevant alternatives, and no dictators

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Definitions:

Dividends Paid

Payments made by a corporation to its shareholders, usually derived from the company's profits.

Assets

Economic resources or owned items of value, such as cash, property, equipment, that an individual, company, or country owns or controls with the expectation that it will provide future benefit.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation.

Stockholders' Rights

Refers to the legal entitlements inherent to the ownership of a corporation's stock, including voting on corporate matters, receiving dividends, and sharing in the distribution of assets upon dissolution.