majority over Choice C, and Choice C is preferred by a majority over Choice A a voting cycle. It is easy to

imagine sets of government choices—say, perhaps the choice between increased defense spending, increased

government spending on health care, and a tax cut—in which a voting cycle could occur. The result will be

determined by the order in which interested parties present and vote on choices, not by majority rule, because

every choice is both preferred to some alternative and also not preferred to another alternative.

LINK IT UP

Visit this website (http://www.fairvote.org/rcv#rcvbenefits) to read about ranked choice voting, a preferential

voting system.

Where Is Government’s Self-Correcting Mechanism?

When a firm produces a product no one wants to buy or produces at a higher cost than its competitors, the firm

is likely to suffer losses. If it cannot change its ways, it will go out of business. This self-correcting mechanism
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