Voters' Ordered PreferencesAbbyBobCarloPublic parksPublic zooPublic transportationPublic zooPublic transportationPublic parksPublic transportationPublic parksPublic zooIf a pair-wise majority vote was held and the voters' preferences are shown in the table, which option would win overall?
A. It is impossible to predict which option would win.
B. Public zoo
C. Public transportation
D. Public parks
Answer: A
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The "mode" household income is
A) the income that separates households into two equal groups. B) the most common level of household income. C) the mean household income. D) the average household income.
Consumers derive consumer surplus whenever
a. the monetary value of total utility equals total expenditure b. the monetary value of total utility is greater than total expenditure c. the monetary value of total utility is less than total expenditure d. marginal utility is greater than total utility e. marginal utility is less than total utility
FICA, the tax that supports Medicare and Social Security, is generally:
A. proportional. B. progressive. C. regressive. D. a flat tax that adjusts with inflation.
To efficiently manage traffic on a system of bridges,
a. the more-crowded bridges should have lower tolls, so that they are affordable. b. the tolls should be equal for all bridges, so that people can choose the most convenient routes. c. tolls should be higher on more-crowded bridges and lower on less-crowded bridges. d. there should be no tolls on bridges, because people should not have to pay to drive to their jobs.