Table 18-1 Suppose $1 Billion Is Available in the Budget and Congress

question 74

Multiple Choice

Table 18-1

Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives: 1) Subsidies for education, 2) Research on Alzheimer's or 3) Increased border security. Table 18-1 shows three voters' rankings of the alternatives.
-Refer to Table 18-1.Suppose a series of votes are taken in which each pair of alternatives is considered in turn.If the vote is between allocating funds to research on Alzheimer's and increased border security,

• A)Ivy and Jasmine vote for Alzheimer's research, Rose votes for increased border security, and Alzheimer's research wins.
• B)Ivy and Rose vote for increased border security, Jasmine votes for Alzheimer's research, and increased border security wins.
• C)Jasmine and Rose vote for Alzheimer's research, Ivy votes for increased border security, and Alzheimer's research wins.
• D)Jasmine and Ivy vote for increased border security, Rose votes for Alzheimer's research, and increased border security wins.

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Definitions:

Framing Effect

The impact on decision making caused by the way information is presented, where different presentations of the same information can lead to different decisions.

Faulty Decisions

Choices made based on incorrect assumptions or incomplete information, leading to suboptimal outcomes.

Decision Makers

Decision makers are individuals or groups responsible for making choices or decisions that will influence the outcome of a specific task, project, or strategy.

Minimum Payment Amounts

The lowest amount of money that one is required to pay on a credit card bill or loan each month.