Suppose That There Are 175 Voters in an Election and That

question 210

Multiple Choice

Suppose that there are 175 voters in an election and that 80 of them prefer a $100 budget while the remainder prefer a $150 budget. Which of the following statements is true?

• A)The Condorcet Paradox predicts that the $100 budget will win even though fewer people prefer that budget.
• B)The median voter theorem predicts that the winning budget will be $125, the median of the preferences of the two types of voters.
• C)Arrow's impossibility theorem says that the winning budget cannot be determined in this election since there is no unanimity.
• D)None of the above.

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Definitions:

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