Suppose $1 Billion Is Available in the Budget and Parliament

question 50

Multiple Choice

Suppose $1 billion is available in the budget and Parliament is considering allocating the funds to one of the following three alternatives:
a) subsidies for education
b) research on Alzheimer's
c) increased subsidies for daycare
If voters prefer a to b and b to c, then if preferences are transitive,

• A)they should prefer a to c.
• B)they should prefer c to a.
• C)they should be indifferent between a and c.
• D)it is not always possible to rank voters' preferences between a and c.

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Definitions:

BAL

Blood Alcohol Level; the measure of alcohol concentration in the bloodstream.

Constant

A value or quantity that remains the same throughout a given discussion, calculation, or scenario, not subject to change under the specified conditions.

Direct Health Care Costs

Expenses directly related to the provision of health care services, including treatment, medications, and hospital stays.

Genetic Influences

Factors related to an individual's genetic makeup that affect their physical and behavioral traits, including susceptibility to diseases and personality characteristics.