Assume That Abby, Ben, Clara, Joe, and Matt Are the Only

question 99

Multiple Choice

Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1000. All five citizens will share an equal portion of this cost in taxes. The benefit of the public good is $220 to Abby, $210 to Ben, $210 to Clara, $180 to Joe, and $120 to Matt. In a majority vote, this proposal will most likely be:

• A) Accepted; four in favor and one against
• B) Defeated; one in favor and four against
• C) Accepted; three in favor and two against
• D) Defeated; two in favor and three against

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Definitions:

Corporate America

A term often referring to the United States' major business corporations and their practices, influence on the economy, and role in society.

Diverse Stock Portfolio

An investment strategy that involves holding a variety of different stocks to reduce risk.

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Equity Investments

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