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Caitlin Riordan
on Oct 08, 2024

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Suppose a college economics department decides to use a single economics text for all sections of principles of economics.Also assume that the three individual members of the textbook selection committee have the following preferences.  Professor‾AdamsBennettClayIdeal Textbook‾C/FM / BO/S Analytical Level of the Textbook‾ Very Difficult Moderately Difficult Relatively Easy\begin{array}{c}\begin{array}{c}\\\underline{\text { Professor}}\\\text {Adams}\\\text {Bennett}\\\text {Clay}\end{array}\begin{array}{lll}\\\underline{\text {Ideal Textbook}}\\\text {C/F}\\\text {M / B} \\\text {O/S}\end{array}\begin{array}{c}\text { Analytical Level of}\\\underline{\text { the Textbook}}\\\text { Very Difficult}\\\text { Moderately Difficult}\\\text { Relatively Easy} \end{array}\end{array} ProfessorAdamsBennettClayIdeal TextbookC/FM / BO/S Analytical Level of the Textbook Very Difficult Moderately Difficult Relatively Easy
Assuming all other textbook qualities except analytical level are the same,paired-choice majority voting will result in the committee:

A) being deadlocked and unable to decide on a book.
B) selecting the C/F book.
C) selecting the M/B book.
D) selecting the O/S book.

Analytical Level

The degree or level at which a problem or scenario is examined or analyzed for deeper understanding or resolution.

Majority Voting

A decision-making rule where the choice that receives more than half of the votes wins, often used in elections and organizational decision-making.

Textbook Selection

The process of choosing textbooks for academic courses, often involving evaluation of content relevance, level of difficulty, and alignment with curriculum goals.

  • Analyze the function of majority voting in making economic choices and its possibility of leading to suboptimal results.
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MA
Manmeet AtwalOct 10, 2024
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