If All Voters Have Single-Peaked Preferences for a Pure Public

question 7

Multiple Choice

If all voters have single-peaked preferences for a pure public good, then the political equilibrium under majority rule:

• A)cannot be defined.
• B)is the median outcome.
• C)is the median most-preferred outcome of all voter's voting.
• D)will not change if tax shares change.

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Definitions:

White-collar Criminals

Individuals who commit crime related to their occupation, often involving fraud, embezzlement, or corruption, typically without direct physical force.

Embezzlers

Individuals who fraudulently appropriate funds or property entrusted to their care for their own use.

Borrowing

The act of obtaining something, especially money or goods, with the intention of returning it or its equivalent.

Stealing

The act of taking someone else's property without permission or legal right.