The following table shows how three voters ranked Policy A, Policy B, and Policy C. Which policy is preferred by the majority? Voter 2 Policy B Policy C Policy A Voter 1 Voter 3 First Choice Second Choice Policy A Policy B Policy C Policy C Policy A Policy B Third Choice Select the correct answer below: Policy B Policy C one policy is not preferred by the majority Policy A
The following table shows how three voters ranked Policy A, Policy B, and Policy C. Which policy is preferred by the majority? Voter 2 Policy B Policy C Policy A Voter 1 Voter 3 First Choice Second Choice Policy A Policy B Policy C Policy C Policy A Policy B Third Choice Select the correct answer below: Policy B Policy C one policy is not preferred by the majority Policy A
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The following table shows how three voters ranked Policy A, Policy B, and Policy C. Which policy is preferred by the
majority?
Voter 1
Voter 2
Voter 3
Policy A
Policy B
Policy C
First Choice
Policy B
Policy C
Policy A
Policy C
Policy A
Policy B
Second Choice
Third Choice
Select the correct answer below:
O Policy B
O Policy C
one policy is not preferred by the majority
O Policy A
Expert Solution

Step 1
Majority Decision is the one where more than 50% of the votes are in favor of one policy.
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