Answer the Question on the Basis of This Table Showing

question 26

Multiple Choice

Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community.No vote trading is allowed. If the tax cost of this proposed project is $600 per person, a majority vote will:

• A)defeat this project and resources will be underallocated to it.
• B)defeat this project and resources will be allocated efficiently.
• C)pass this project and resources will be overallocated to it.
• D)defeat this project and resources will be overallocated to it.

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Definitions:

Fair Credit Reporting Act

A federal law designed to ensure the accuracy, fairness, and privacy of consumer information contained in the files of credit reporting agencies.

Regulation Z

A set of rules issued by the Federal Reserve Board of Governors to implement the provisions of the Truth-in-Lending Act.

Federal Reserve Board Of Governors

The governing body of the Federal Reserve System, overseeing the central banking system of the United States.

Truth-In-Lending Act

A federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost.