Which statement below reflects the essence of Arrow's impossibility theorem?
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1 mark, −0.33MicroeconomicsWelfare economics and social choiceSocial welfare functions and social choiceModerateabout 1 min
UoH 2010 Question 8: Welfare economics and social choice
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Welfare economics and social choice has come up 62 times in 6 exams since 2004.
What this question tests
This question is on Social welfare functions and social choice, part of Welfare economics and social choice in Microeconomics.
Combining individual preferences into social judgements, and the limits of doing so.
TestStop has 8 past-paper questions on this subtopic.
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