Preferred Budgets ($ in millions)567891011Number of voters (in thousands)61016201595Table 15.2Table 15.2 shows the preferred budget for a new civic center and the number of voters in a community who prefer that budget. If Jay proposed $7 million while David proposed $10 million, whose budget will be selected if everyone votes?
A. Jay's
B. David's
C. It will be a tie.
D. The outcome cannot be predicted.
Answer: A
You might also like to view...
Which of the following expenditures is included in the consumption component of the gross domestic product (GDP)?
a. The money spent on the purchase of stocks b. The money spent on the purchase of used furnitures c. The money spent on the purchase of a used car d. The money spent on the purchase of kitchen appliances e. The money spent on the purchase of bonds issued by the government
Economists say that voluntary exchange makes both parties better off. What is the explanation that they offer to back up this conclusion?
In macroeconomics, which of the following topics would most likely be studied?
A. The growth rate of the oil industry B. Bob's budget C. Unemployment in Mexico. D. Nike's costs of production
Looking at the table of the four types of goods, goods that are nonexcludable consist of ______ goods.
a. private and public
b. private and common
c. public and common
d. public and club