Table 22-7 Suppose That Residents of a Town Are Asked to Vote

question 360

Multiple Choice

Table 22-7
Suppose that residents of a town are asked to vote on the best way to improve the safety of an intersection. The three choices are: a stoplight, a 4-way stop, and a 2-way stop. The voters are divided into three groups based on their preferences.
Voter Type
-Refer to Table 22-7. If the first vote pits a 2-way stop against a stoplight and the second vote pits a 4-way stop against the winner of the first vote, then the outcome is as follows:

• A)2-way stop wins the first vote and 2-way stop wins the second vote, so the town installs a 2-way stop.
• B)2-way stop wins the first vote and 4-way stop wins the second vote, so the town installs a 4-way stop.
• C)Stoplight wins the first vote and stoplight wins the second vote, so the town installs a stoplight.
• D)Stoplight wins the first vote and 4-way stop wins the second vote, so the town installs a 4-way stop.

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Definitions:

American Consumer

An individual in the United States who purchases goods and services for personal use.

Frederic Bastiat

A 19th-century French economist and writer known for his advocacy of free trade and his witty criticisms of protectionism and socialism.

Adam Smith

A Scottish economist, philosopher, and author, often considered the father of modern economics known for his theories on free markets and the 'invisible hand' guiding economies.

Free Trade

An economic policy that allows imports and exports with little to no government tariffs, quotas, or subsidies, aiming to enhance global economic efficiency.