Examlex
Which of the following is most consistent with the idea of a social contract?
Hidden Characteristic
A quality of a product or service that is not immediately observable to the buyer, often leading to information asymmetry in the market.
Transitive
In logic and mathematics, transitive refers to a relation where if it applies between successive pairs in a sequence, it also applies between any two members taken in order. For example, if A is larger than B, and B is larger than C, then A is larger than C.
Preferences
Indications of the choices or selections made by individuals or groups based on tastes, likes, or desires, often influencing decision-making.
Condorcet Voting Paradox
A situation in social choice theory where collective preferences can be cyclic (i.e., not transitive), even if the individual preferences of voters are not.
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