Assume That Matt, Joe, and Teresa Are the Only Citizens

question 82

Multiple Choice

Assume that Matt, Joe, and Teresa are the only citizens in a community. A proposed public good has a total cost of $1,000. All three citizens will share an equal portion of this cost in taxes. The benefit of the public good is $500 for Matt, $280 for Joe, and $260 for Teresa. In a majority vote, this proposal will most likely be

• A)accepted, two in favor and one against.
• B)defeated, two against and one in favor.
• C)accepted, three in favor and none against.
• D)defeated, none in favor and three against.

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Definitions:

Conscious Thinking

The active process of engaging in thoughts, ideas, or problem-solving with awareness.

Cognitive Theories

Theories focused on understanding how people think, perceive, remember, and learn, explaining various aspects of human behavior and development.

Development

The process of growth or improvement over time, which can be applied in contexts like economic, social, or personal development.

Information-Processing Theory

A cognitive approach that likens human thinking to the way computers process information, focusing on the ways information is encoded, stored, and retrieved.