5446 Frontiers of Microeconomics
22. Suppose that residents of a town are asked to vote on the best day to improve the safety of an
intersection. The three choices are: a stoplight, a 4-way stop, and a 2-way stop. The mayor asks
the residents to assign 3 points to their first choice, 2 points to their second choice, and 1 point to
their last choice. The intersection will be controlled by the method that receives the most points.
This voting scheme is called
a. Arrow’s impossibility theorem.
b. the Condorcet paradox.
c. a Borda count.
d. the median voter theorem.
23. Suppose that residents of a town are asked to vote on the best way to improve the safety of an
intersection. The three choices are: a stoplight, a 4-way stop, and a 2-way stop. When the mayor
asks the residents to choose between a stoplight and a 4-way stop, the residents choose a 4-way
stop. Then, when the mayor asks them to choose between a 4-way stop and a 2-way stop, they
choose a 2-way stop. However, if the mayor firsts asks the residents to choose between a 4-way
stop and a 2-way stop, they choose a 2-way stop. Then, when the mayor asks the residents to
choose between a 2-way stop and a stoplight, they choose a stoplight. What does this example
illustrate?
a. Arrow’s impossibility theorem
b. the Condorcet paradox
c. a Borda count
d. the median voter theorem