Suppose Everyone in a Town Votes That They Prefer to Spend

question 80

Multiple Choice

Suppose everyone in a town votes that they prefer to spend the budget on improved public transportation systems over public parks. According to the criterion of independence of irrelevant alternatives, if a third option not likely to win, like building a new public zoo, is included in the vote, the preference for public transportation spending should _______.

• A)stay the same
• B)change in favor of the new option
• C)change, although we cannot know what the new preference would be
• D)change in favour of park spending

Comprehend the concept of self-actualization and its significance in humanistic psychology.

Understand how needs, goals, motives, and behaviors are interrelated.

Appreciate the importance of basic physiological needs and their fulfillment.

Recognize the role of unconditional positive regard in achieving self-actualization.

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Definitions:

Discrimination

Unfair treatment or prejudicial behavior towards individuals on the basis of race, age, sex, nationality, or other characteristics.

Wages

Compensation provided to employees for their work, often determined by the hour, day, or the amount of work completed.

Broad Groups

Categories or classifications used to organize things, people, or concepts into general and wide-ranging categories.

Profit-maximizing Strategy

A business approach aimed at increasing a firm's profit to the highest possible level given the constraints it faces.