Suppose That a Worker in Country a Can Make Either

question 20

Multiple Choice

Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year.Country A has 100 workers.Suppose a worker in Country B can make either 2 iPods or 10 tablets each year.Country B has 200 workers.Country A would be using resources efficiently if it produced:

• A) (500 iPods, 100 tablets).
• B) (500 iPods, 150 tablets).
• C) (500 iPods, 200 tablets).
• D) (500 iPods, 250 tablets).

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Definitions:

Majority rule

A decision-making process where the option that receives more than half of the votes wins.

Arrow's Impossibility Theorem

A theory stating that no rank-order voting system can meet a set of reasonable fairness criteria simultaneously.

Difficulties

Challenges or situations that require effort to overcome.

Borda Count

A voting method that ranks options or candidates based on points assigned by voters' preferences rather than a single preference vote.