Which of the Following Is a Consequence of the Voting

question 134

Multiple Choice

Which of the following is a consequence of the voting paradox?

• A)A majority of voters elect a candidate that does not represent the preferences of the voter who is in the political middle.
• B)Politicians support small groups of individuals and firms that benefit from special interest legislation, rather than a much larger group of voters who pay the cost for this legislation.
• C)Individuals and firms who benefit from government actions engage in rent seeking.
• D)The collective preferences of voters are not transitive and voting outcomes are inconsistent.

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Definitions:

Utility Function

A mathematical representation in economics that defines how consumers rank different bundles of goods based on their levels of satisfaction.

Initial Endowment

The collection of resources, goods, or wealth that an agent starts with before entering into any transactions.

Apples

Commonly used as an example in economics to represent a generic good, or referring to the fruit in various contexts.

Bromides

Commonplace remarks or clichés that lack originality or interest.