Consider the Following Preference Table for Three Voters to Answer

question 12

True/False

Consider the following preference table for three voters to answer Questions $$\begin{array} { l l l l } \text { First choice } & \text { B } & \text { D } & \text { A } \\\text { Second choice } & \mathrm { C } & \mathrm { B } & \mathrm { C } \\\text { Third choice } & \mathrm { A } & \mathrm { C } & \mathrm { B } \\\text { Fourth choice } & \mathrm { D } & \mathrm { A } & \mathrm { D } \\\text { Fifth choice } & \mathrm { E } & \mathrm { E } & \mathrm { E }\end{array}$$
-Is there an agenda for which A would win a sequential pairwise election?

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Definitions:

Opportunity Cost

Losing out on potential advantages from multiple alternatives by committing to one.

Crude Oil

A naturally formed, crude oil substance made up of hydrocarbon accumulations and various organic compounds.

Tractors

Agricultural machinery used for plowing, tilling, planting, and similar tasks in farming, essential for modern agriculture.

Comparative Advantage

The ability of an entity to produce a particular good or service at a lower opportunity cost than another, supporting the basis for beneficial trade.