Suppose 100 Townspeople Value a Statue of the Local Hero

question 45

Multiple Choice

Suppose 100 townspeople value a statue of the local hero at $1 each, and construction of the statue would cost $90. Which of the following is true?

• A)It would be efficient to build the statue, but it may not be built because some of the townspeople who value the statue will not contribute to its construction.
• B)It would be efficient to build the statue and it will be built because at least ninety of the townspeople will contribute to its construction.
• C)The statue will not be built because it is not efficient to build a statue that costs $90 if the townspeople value it at only $1.
• D)The statue will not be built because the local government does not have the power to tax only those who value it.

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Definitions:

Desired Self

Refers to an individual's ideal version of themselves, which they aspire to become or achieve.

Self-efficacy

A person's confidence in their ability to carry out actions required to achieve certain performance goals.

Self-appraisal

The process of evaluating one's own behavior, abilities, and qualities, often in relation to certain standards or expectations.

Narcissism

A personality trait characterized by an excessive preoccupation with oneself and a lack of empathy for others.