Refer to the Table

question 69

Multiple Choice

Refer to the table. The inconsistency illustrated by the table is that, while a majority of voters prefer the

• A) highway to the lighthouse and the submarine to the highway, they also prefer the lighthouse to the submarine.
• B) lighthouse to the highway and the lighthouse to the submarine, they also prefer the submarine to the highway.
• C) highway to the lighthouse and the submarine to the lighthouse, they also prefer the submarine to the highway.
• D) lighthouse to the submarine and the highway to the submarine, they also prefer the highway to the lighthouse.

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Definitions:

Technological Progress

The improvement or innovation in technology, leading to more efficient processes, products, or methods.

Farm Price Support

Government policies designed to maintain or increase the market price of agricultural products through mechanisms such as subsidies or purchase commitments.

Net Social Benefits

The difference between the total benefits and total costs of a project or policy when considering its impact on society as a whole.

Consumers

Individuals or groups who purchase goods and services for personal use, driving demand in the economy.