Answer the Question on the Basis of the Following Table

question 227

Multiple Choice

Answer the question on the basis of the following table that shows the total costs and total benefits facing a city of five different potential baseball stadiums of increasing size. All figures are in millions of dollars. Applying the median-voter model and assuming that there are equal numbers of voters supporting each stadium, we would expect

• A)stadium C to be built, which would be the most socially efficient outcome.
• B)stadium C to be built, but this would not be the most socially efficient outcome.
• C)stadium D to be built because it produces the most socially efficient outcome.
• D)no stadium to be built, because of political gridlock.

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Definitions:

Prevalence

The proportion of a population found to have a condition at a specific time, often used in epidemiological studies.

Incidence

The frequency or rate at which new cases of a particular disease or condition occur in a population over a specified period.

Mortality

The state of being subject to death; the incidence of death in a population.

Morbidity

The condition of being diseased or the incidence of illness in a population.