Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
Textbook Question
Book Icon
Chapter 18, Problem 7SCQ

Suppose there is an election for Soft Drink Commissioner. The field consists of one candidate hunt the Pepsi petty and four from the Coca-Cola party. This would seem to indicate a strong preference for Coca-Cola among the voting population, but the Pepsi candidate ends up winning in a landslide. Why does this happen?

Blurred answer
Students have asked these similar questions
What is meant by limited and bundled choice when voting on a bill or candidate?
Which of the following is true? a. Arrow’s Impossibility Theorem states that There is no voting method that will satisfy a reasonable set of fairness criteria when there are three or candidates. b. Gibbard-Satterthwaite's theorem states that there is a voting method is completely resistant to strategic voting. c. None of the given choices d. May's Theorem states that the majority method will always have a winner.
Problem 2. The planning committee for a renewable energy trade show is trying to decide what city to hold their next show in. The votes are shown below. Numbers of Voters 9 19 11 8 1st choice Buffalo Atlanta Chicago Buffalo 2nd choice Atlanta Buffalo Buffalo Chicago 3rd choice Chicago Chicago Atlanta Atlanta   How many voters voted in this election? How many votes are needed for a majority? A plurality? Find the winner under the plurality method. Find the winner under the Borda Count Method. Find the winner under the Plurality with Elimination method. Find the winner under the Pairwise Comparison Voting method.

Chapter 18 Solutions

Principles of Economics 2e

Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc