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. Suppose that Jay initially proposed $6 million while David proposed $10 million. Given the distribution of voters' preferences, David can increase his chance of being elected by proposing:
A. a greater budget than $10 million.
B. a smaller budget than $6 million.
C. a smaller budget toward the median budget.
D. None of these
Answer: C
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Refer to Figure 1A.2. The slope between points a and c is
A) -5. B) -6. C) 10. D) 30.
In 1940, civilian purchases of goods and services equaled roughly _____ of GDP; by 1943, it had changed to roughly ________ of GDP
a. 97 percent; 57 percent b. 50 percent; 50 percent c. 25 percent; 75 percent d. 50 percent; 10 percent
The demand for loanable funds has a ________ slope because the lower the interest rate, the ________ number of investment projects are profitable, and the ________ the quantity of loanable funds demanded
A) negative; greater; greater B) negative; greater; lesser C) negative; lesser; greater D) positive; lesser; lesser
There is:
A) a strong positive correlation between per capita GDP and infant survival. B) a weak positive correlation between per capita GDP and infant survival. C) no correlation between per capital GDP and infant survival. D) a weak negative correlation between per capita GDP and infant survival.