Table 22-4 -Refer to Table 22-4.The Table Shows the Most Preferred Budget

question 135

Multiple Choice

Table 22-4

-Refer to Table 22-4.The table shows the most preferred budget of 75 voters.In an election,each voter will select the budget closest to his or her most preferred budget.Which of the following statements regarding this information is true?

• A)In an election between a $33 budget and a $37 budget, the $33 budget will win.
• B)Since the median voter theorem implies that the budget of the median voter will win the election, we would expect the overall best budget to be $25, the median of the available budgets.
• C)In an election between a $10 budget and a $40 budget, the $40 budget will win.
• D)Both b and C

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Definitions:

Parity Ratio

A measure used to compare the relative prices of different goods or inputs, often used in agriculture to assess fairness or sufficiency in pricing.

Acreage Allotment

A government control mechanism to limit the production of certain crops by allocating a fixed amount of acres for their cultivation.

Agricultural Products

Items produced through farming or the cultivation of soil for the growing of crops and the rearing of animals to provide food, wool, and other products.

Farm Employment

Refers to labor or jobs related to agricultural activities, including cultivation, livestock management, and crop production.