Suppose $1 Billion Is Available in the Budget and Congress

question 106

Multiple Choice

Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives:
a. subsidies for education
b. research on Alzheimer's
c. increased border security

If voters prefer a to b and b to c, then if preferences are transitive

• A) they should prefer a to c.
• B) they should prefer c to a.
• C) they should be indifferent between a and c.
• D) it is not always possible to rank voters' preferences between a and c.

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Definitions:

Distributed First

A priority method in which resources or items are distributed initially before other actions are taken.

Transferee

A person or entity to whom rights, interests, or titles are transferred from another party.

Transferable Interest

An interest in an entity, such as a partnership or LLC, that can be transferred or sold to another party.

RULLCA

An abbreviation for the Revised Uniform Limited Liability Company Act, which provides a legal framework for the formation and operation of LLCs in jurisdictions that have adopted it.