You Are the Mayor of a Small Town with 2000

question 90

Multiple Choice

You are the mayor of a small town with 2000 residents.The head of your economic development agency recently conducted a survey in which the 2000 residents said that a public concert in the centre of town would be worth $20 to each of them.Since it costs only $5000 to hold the concert,you organized and held the concert,which everyone in town enjoyed.But when you asked for donations to pay for the concert,you only collected $30 in total.What do you know

• A)The survey certainly overstated how much the concert was worth to each resident.
• B)From the standpoint of total costs and benefits, the cost of the concert certainly exceeded the benefit.
• C)The concert was an example of the Tragedy of the Commons.
• D)Residents of the town were probably free riders.

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Definitions:

Low-Frequency

Refers to waves, sounds, or signals with a relatively low rate of oscillation or number of cycles per second.

Lateral Ventricle

One of the two large, C-shaped ventricles located in the cerebral hemispheres, involved in the production and circulation of cerebrospinal fluid.

Fourth Ventricle

A passageway within the brain that lies between the cerebellum and the pons/medulla, allowing cerebrospinal fluid to circulate between the brain's cavities and the spinal canal.

Third Ventricle

A narrow cavity in the brain located in the midline between the two halves of the thalamus.