In: Economics
Please answer Part 1.1 to 1.3
Part 1.1
PART 1.2
A. What is Voting?
B. What are the different voting methods used to determine the winner among candidates or options? Describe each method.
C. What are the four basic criteria of fairness? Describe each criterion.
PART 1.3
A. What is weighted voting system?
B. What are the different types of weighted voting?
C. Describe Banzhaf Power Index.