Exhibit 31-1

-Refer to Exhibit 31-l. The exhibit shows the breakdown of benefits and costs for a four-person town of a proposed $1,200 addition in books to the public library. The members of the community get to vote on the project at hand, and the majority rules. Given the data, the $1,200 will
A) be spent, even though the total benefits are less than the total costs.
B) not be spent, since more persons are against the project than are for it.
C) be spent, since the total benefits are greater than the total costs.
D) not be spent, since the total benefits are less than the total costs.
Correct Answer:
Verified
Q32: Persons who choose not to become informed
Q38: A public choice theorist would be most
Q41: Which of the following persons is most
Q43: Competition for votes between two political parties
Q45: Rational (political)ignorance refers to
A) some voters choosing
Q49: Which of the following is false?
A) It
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