If Preferences Are One-Dimensional and Preferences Are Single Peaked,majority Rule

question 13

Multiple Choice

If preferences are one-dimensional and preferences are single peaked,majority rule will result in selection of the project most favored by

• A)no one.
• B)the median voter.
• C)the average voter.
• D)everyone.

---

Definitions:

AGI

Adjusted Gross Income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable.

Depreciation

The accounting process of allocating the cost of a tangible or physical asset over its useful life, used to represent wear and tear or obsolescence.

Net Income

The amount of money remaining after all operating expenses, taxes, and deductions are taken out from total revenue.

Rental Property

Real estate property that is leased or rented to tenants, generating rental income for the owner.