Table 15.1
Suppose $1 billion is available in the budget and Parliament is considering allocating the funds to one of the following three alternatives: 1) Subsidies for education, 2) Research on Alzheimer's or 3) Subsidies for daycare. Table 15.1 shows three voters' rankings of the alternatives.
-Refer to Table 15.1.Suppose a series of votes are taken in which each pair of alternatives is considered in turn.If the vote is between allocating funds to research on Alzheimer's and subsidies for daycare,
A) Ivy and Jasmine vote for Alzheimer's research, Rose votes for increased subsidies for daycare, and Alzheimer's research wins.
B) Ivy and Rose vote for increased subsidies for daycare, Jasmine votes for Alzheimer's research, and increased increased subsidies for daycare wins.
C) Jasmine and Rose vote for Alzheimer's research, Ivy votes for increased subsidies for daycare, and Alzheimer's research wins.
D) Jasmine and Ivy vote for increased subsidies for daycare, Rose votes for Alzheimer's research, and increased subsidies for daycare wins.
Correct Answer:
Verified
Q2: Tax laws affect
A)economic efficiency but not equity.
B)equity
Q3: The median voter theorem states that the
Q5: The median voter model implies that
A)many people
Q5: Suppose $1 billion is available in the
Q8: Which of the following statements about rent
Q9: One argument advanced in favour of reducing
Q11: One argument advanced in favour of raising
Q12: According to public choice theory, policymakers
A)place the
Q16: The median voter theorem will be an
Q17: The Arrow impossibility theorem states that
A)no system
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