EBK PRINCIPLES OF ECONOMICS
7th Edition
ISBN: 8220102958395
Author: Mankiw
Publisher: CENGAGE L
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Chapter 22, Problem 6PA
Subpart (a):
To determine
Application of Borda count and Arrow’s impossibility theorem.
Subpart (b):
To determine
Application of Borda count and Arrow’s impossibility theorem.
Subpart (c):
To determine
Application of Borda count and Arrow’s impossibility theorem.
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Ana, Emma, and Greta are deciding what to do on a weekend getaway. They each suggest a first choice and then vote on the options. Their first choice, second choice, and third choice preferences are as shown in the following table.
Circular preferences
1st Choice
2nd Choice
3rd Choice
Ana
Beach
Mountain Biking
Canoeing
Emma
Mountain Biking
Canoeing
Beach
Greta
Canoeing
Beach
Mountain Biking
Based on the table explain why they will have a hard time reaching a decision. Do they prefer mountain biking to canoeing? What about canoeing compared to the beach? What about the beach compared to the original choice of mountain biking?
3
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EBK PRINCIPLES OF ECONOMICS
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