Table 15.1Table 15.1 shows the preferred budget in millions for a new sports facility and the number of thousands of voters in a community who prefer that budget. Tom proposed a budget of $7 million while Mary proposed a budget of $2 million. Which of the two candidates will be elected if everyone votes?
A. Tom
B. Mary
C. It will be a tie.
D. The outcome of the election cannot be predicted.
Answer: A
You might also like to view...
The price for labor is the wage rate. What happens to the quantity of labor supplied if wages increase?
a. It increases. b. It decreases. c. It does not change. d. Uncertain-economic theory has no answer to this question.
As a consequence of the condition of scarcity:
a. There is never enough of anything b. Things which are plentiful have relatively high prices c. Production has to be planned by government d. Individuals have to make choices from among alternatives
Use the above table. At an income of $50
A. real dissaving is $50. B. real saving is $10. C. real saving is $20. D. real dissaving is $10.
Which of the following is not part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals with pre-existing medical conditions are able to acquire health insurance. B) All policies must provide coverage for dependant children up to age 26. C) Lifetime dollar maximums on coverage are prohibited. D) Limits on the size of deductibles and on waiting periods before coverage takes effect have been eliminated.