Table 22-7 -Refer to Table 22-7.The Table Shows the Most Preferred Budget

question 142

Multiple Choice

Table 22-7

-Refer to Table 22-7.The table shows the most preferred budget of 75 voters.In an election,each voter will select the budget closest to his or her most preferred budget.Which of the following statements regarding this information is true?

• A) In an election between a $33 budget and a $37 budget, the $33 budget will win.
• B) Since the median voter theorem implies that the budget of the median voter will win the election, we would expect the overall best budget to be $25, the median of the available budgets.
• C) In an election between a $10 budget and a $40 budget, the $40 budget will win.
• D) Both b and c

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Definitions:

British Political Authority

The legal and institutional powers that govern the United Kingdom, encompassing the monarchy, Parliament, and other democratic structures.

American Political Authority

The legitimacy and power held by institutions and officials within the United States to create, enforce, and interpret laws and policies.

Declaration of Independence

The document adopted on July 4, 1776, by the Second Continental Congress, declaring the Thirteen American Colonies independent from British rule.

Second Continental Congress

The convention of delegates from the Thirteen Colonies that started meeting in the spring of 1775, soon after the outbreak of the American Revolutionary War, which eventually declared independence.