Question 1
Social choice involves all of the following
except
◦ deciding what society wants.
◦ aggregating over individual preferences.
◦ understanding the incentives facing politicians and public servants.
◦ consistently efficient decisions through the use of majority rule voting.
Question 2
You and two friends are going to the movies and are going to one of three movies: A, B, or C. You prefer movie A to movie B and movie B to movie C. One of your friends prefers movie B to movie C and movie C to movie A. You other friend prefers movie C to movie A and movie A to movie B. The three of you decide to use majority rule voting to decide which movie you will see. If you first have a vote between movies A and B and then between the winner of that vote and movie C, then movie ________ will win. However, if you first vote between movies A and C and then between the winner of that vote and movie B, then movie ________ will win. This is an example of the ________.
◦ C; B; voting paradox
◦ B; C; impossibility theorem
◦ A; C; voting paradox
◦ A; B; majority rule voting
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