In the Context of a Voting System, Unanimity Means That

question 30

Multiple Choice

In the context of a voting system, unanimity means that:

• A)if option X beats option Y, and Y beats Z, then X should beat Z
• B)if A beats B, and B beats C, then A should beat C
• C)the ranking between any two outcomes A and B should not depend on whether some third outcome C is also available
• D)if everyone prefers option X to option Y, then X should beat Y

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Definitions:

Quantity Of Money

The total amount of money (cash, coins, and bank deposits) in circulation within an economy.

Tradeoffs

Refers to the concept in economics that by choosing one option, another option is foregone.

Basic Principle

A fundamental rule or concept that forms the foundation of a system, theory, or idea.

Tradeoff

An occurrence where obtaining a new quality or feature necessitates the relinquishment of another.