Table 18-1 Suppose $1 Billion Is Available in the Budget and Congress

question 74

Multiple Choice

Table 18-1

Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives: 1) Subsidies for education, 2) Research on Alzheimer's or 3) Increased border security. Table 18-1 shows three voters' rankings of the alternatives.
-Refer to Table 18-1.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 increased border security,

• A)Ivy and Jasmine vote for Alzheimer's research, Rose votes for increased border security, and Alzheimer's research wins.
• B)Ivy and Rose vote for increased border security, Jasmine votes for Alzheimer's research, and increased border security wins.
• C)Jasmine and Rose vote for Alzheimer's research, Ivy votes for increased border security, and Alzheimer's research wins.
• D)Jasmine and Ivy vote for increased border security, Rose votes for Alzheimer's research, and increased border security wins.

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Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, thus having a financial interest in its performance.

Nonprofit Corporations

Organizations that operate for charitable, educational, religious, or public service objectives, not for profit, and often eligible for tax-exempt status.

Personal Liability

The legal responsibility of an individual to cover debts or damages from their own assets, without shield from business or professional roles.

Charitable Associations

Organizations established for philanthropic rather than financial gain, focusing on promoting welfare and social improvement.