Based on Arrows impossibility theorem: A. Higher level of health, wealth, and eq

Question

Based on Arrows impossibility theorem:
A. Higher level of health, wealth, and equity are achievable at the same time B. Societies do not necessarily have transitive prefereneces, even when everyone in them does C. Achieving an equitable health system is impossible D. Everything is impossible Based on Arrows impossibility theorem:
A. Higher level of health, wealth, and equity are achievable at the same time B. Societies do not necessarily have transitive prefereneces, even when everyone in them does C. Achieving an equitable health system is impossible D. Everything is impossible
A. Higher level of health, wealth, and equity are achievable at the same time B. Societies do not necessarily have transitive prefereneces, even when everyone in them does C. Achieving an equitable health system is impossible D. Everything is impossible

Explanation / Answer

The Correct Option is B.

According to arrow's impossibility theorem it is impossible in the society to have an ideal preference structure, that is reflective of specific fairness criteria. Actually it to impossible to have a clear preference structure while adhering to certain rules and regulations.

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