Table 22-1 Three Longtime Friends-Sam, Diane, and Cliff-Are Deciding How They Will

question 41

Multiple Choice

Table 22-1
Three longtime friends-Sam, Diane, and Cliff-are deciding how they will spend their Saturday evening. They all agree that they should do one of three things: go to a movie, go to a concert, or go out to dinner. They also agree that they will have two pairwise votes to determine how to spend their evening, with the majority determining the outcome on each vote. The first, second, and third choices for each person are as indicated in the table below.

-Refer to Table 22-1.Which of the following statements is correct?

• A)In a pairwise election, "movie" beats "concert."
• B)In a pairwise election, "concert" beats "dinner."
• C)In a pairwise election, "dinner" beats "movie."
• D)None of the above is correct.

---

Definitions:

Healthcare Costs

The expenses related to medical and health services, including prevention, diagnosis, treatment, and management of illnesses.

Medical Insurance Companies

Businesses that provide coverage for healthcare expenses to individuals or groups in exchange for premium payments.

Technological Change

The innovation and improvement in technology, processes, or methods, leading to increased efficiency, productivity, and new product development, affecting various sectors of an economy.

Productivity Growth

The increase in the efficiency of production in an economy, often measured by the output per unit of input over time.