Table 22-2 the Citizens of Paradoxopolis Will Decide Whether to Build a Build

question 78

Multiple Choice

Table 22-2
The citizens of Paradoxopolis will decide whether to build a new school, build a new park, or build a new road. Exactly one of the three choices will prevail, and the choice will be made by way of pairwise voting, with the majority determining the outcome on each vote. The preferences of the voters are summarized in the table below.

-Refer to Table 22-2.If (1) the first vote pits "school" against "road," and (2) the second vote pits "park" against the winner of the first vote,then the outcome is as follows:

• A)"School" wins the first vote and "school" wins the second vote, so they build a school.
• B)"School" wins the first vote and "park" wins the second vote, so they build a park.
• C)"Road" wins the first vote and "road" wins the second vote, so they build a road.
• D)"Road" wins the first vote and "park" wins the second vote, so they build a park.

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Definitions:

Equity Mutual Fund

A type of mutual fund that invests principally in stocks, aiming to provide returns through dividends and capital gains.

Small Investor

An individual who invests limited amounts of money in the stock market or other investment vehicles.

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A financial theory suggesting that stock prices change randomly and are not influenced by past movements, making it impossible to predict future market directions consistently.