Arrow's Impossibility Theorem States That the Majority Rule Fails to Produce

question 144

True/False

Arrow's impossibility theorem states that the majority rule fails to produce transitive preferences for society.

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Definitions:

Active

Pertains to being engaged in action or participation, often implying energy and involvement in processes or activities.

Self

An individual's consciousness of their own identity and personal characteristics, often considered within various psychological and philosophical contexts.

Symbolic Interaction

A sociological perspective focusing on the ways in which people make sense of the world, experience, and communicate through the use of symbols.

Making Choices

The process of deciding between two or more possibilities or options, often implying a decision-making capability.