Select the correct four criteria outlined by Arrow to define National Social Welfare:
a. Rational unitary actor, universal domain, anonymity, independence of irrelevant alternatives.
b. Universal domain, independence of irrelevant alternatives, consensus, social transitivity.
c. Universal domain, unanimity, Pareto improvement, social transitivity.
d. Universal domain, independence of irrelevant alternatives, Pareto improvement, social transitivity.
Ans: d
You might also like to view...
Andrew wants to be a part of the political system. He can join an interest group and work his way forward
Indicate whether the statement is true or false.
The key difference among modern liberals, conservatives, and libertarians is their view of
A. representative democracy. B. the capitalist economy. C. fundamental human rights. D. the role of government. E. political culture.
Public education is generally financed through ______.
A. income taxes B. payroll taxes C. property taxes D. sales taxes
Revenue bonds are secured by ______.
a. the expected revenue of a project b. the taxing power of the issuing government c. interest payments d. future intergovernmental transfers