A Public Project Produces the Following Pattern of Individual Benefits

question 5

Multiple Choice

A public project produces the following pattern of individual benefits and costs for the people influenced by the project.
The project:

• A) passes the Pareto criterion but is not economically feasible.
• B) would pass a majority vote but not the Pareto criterion.
• C) passes the criterion of economic feasibility, but would not pass majority vote.
• D) passes the pareto criterion but would not pass a majority vote.

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Definitions:

Samuel Johnson

An English writer, poet, and lexicographer best known for his dictionary of the English Language published in 1755.

American Independence

The status achieved by the thirteen American colonies, which declared their independence from the British Empire in 1776 with the Declaration of Independence, leading to the American Revolutionary War.

1776

The year most famously known for the Declaration of Independence by the Thirteen Colonies in North America, marking the beginning of the United States of America's journey toward independence from British rule.