Suppose everyone in a town votes that they prefer improved public transportation systems instead of public parks. According to the criteria of independence of irrelevant alternatives that preference should ________ even if a third option not likely to win, like a public zoo, is included in the vote.
A. change to the median
B. change to the majority
C. stay the same
D. change to the average
Answer: C
You might also like to view...
Refer to Exhibit 9-7. Which point is representative of the economy experiencing labor market surpluses?
Why do you suppose that South-South trade does not conform in volume, but does conform in pattern with expectations generated by the Heckscher-Ohlin model?
What will be an ideal response?
A share of stock might be included in the definition of the money supply since it serves which of the following functions of money?
A) unit of account and a store of value B) store of value C) medium of exchange since it can be easily sold D) B and C are both correct.
The change in output from hiring one additional unit of labor:
a. increasing marginal returns b. total cost c. marginal revenue d. marginal product of labor e. marginal cost