Answer the Question on the Basis of This Table Showing

question 75

Multiple Choice

Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community.No vote trading is allowed.
If the tax cost of this proposed project is $300 per person,a majority vote will:

• A) defeat this project and resources will be underallocated to it.
• B) pass this project and resources will be allocated efficiently.
• C) pass this project and resources will be underallocated to it.
• D) defeat this project and resources will be overallocated to it.

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Definitions:

Entry-Level Positions

Jobs that are designed for new entrants to the workforce, requiring minimal prior experience and typically providing training.

Professionals

Are people with specialized knowledge acquired through extensive higher education. They enjoy a high degree of work autonomy and usually regulate themselves and enforce standards through professional associations.

Highly Regulated

Refers to sectors or activities governed by a comprehensive set of rules, standards, and supervision to ensure compliance and safeguard interests.

Internal Labor Markets

Employment systems within a company or organization where workers are hired and promoted based on criteria established internally rather than competing in an external job market.