Three Persons,A,B,and C,will Use a Simple Majority Vote to Determine

question 81

Multiple Choice

Three persons,A,B,and C,will use a simple majority vote to determine whether some good will be purchased.Each person's "tax share" of the purchase price of the good will be $25.Person A receives $30 worth of benefits from the good,person B receives $26 worth of benefits from the good,and person C receives $2 worth of benefits from the good.It follows that __________ person(s) will vote for the good,__________ person(s) will vote against it,and that the outcome is __________.

• A) one; two; inefficient
• B) two; one; efficient
• C) one; two; efficient
• D) two; one; inefficient

Analyze the effect of investor psychology on portfolio optimization and market outcomes.

Explain the role of public policy and behavioral economics in addressing issues of energy consumption and environmental impact.

Understand the significance and impact of major economic events, such as the recession of 2008.

Comprehend the implications of assumptions about consumer and firm behavior on public policy design.

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Definitions:

Pay Allocation Plan

A strategy deployed by organizations to distribute total compensation among employees based on various factors such as performance, position, and market rates.

Pay Grade

A classification system that groups employees in terms of compensation based on their job function, experience, and responsibilities.

Greater Opportunity

Increased chances or favorable circumstances for success or advancement.

Simultaneous Increase

The occurrence of two or more variables or factors growing or expanding at the same time, often in a related or interconnected manner.