2–1. It will vote for canoeing over the beach by 2–1. If mountain biking is preferred to canoeing and

canoeing is preferred to the beach, it might seem that it must be true that mountain biking is the favorite.

But in a vote of the beach versus mountain biking, the beach wins by a 2–1 vote. When a voting cycle

occurs, choosing a single favorite that is always preferred by a majority becomes impossible.

7. The four Coca-Cola candidates compete with each other for Coca-Cola voters, whereas everyone who

prefers Pepsi had only one candidate to vote for. Thus the will of the majority is not satisfied.

Chapter 19

1. False. Anything that leads to different levels of productivity between two economies can be a source of

comparative advantage. For example, the education of workers, the knowledge base of engineers and

scientists in a country, the part of a split-up value chain where they have their specialized learning,
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