If Preferences Exhibit the Property of Transitivity,then

question 13

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 desireable by Kenneth Arrow in Social Choice and Individual Values.

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Definitions:

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