Use the Following Information to Answer the Questions
Thirty $\quad$

question 33

Multiple Choice

Use the following information to answer the Questions
Thirty voters with the preference schedules below are to elect a union spokesman from among five candidates: A, B, C, D, and E. If the Borda count is used, candidate B would win. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of voters }$
$\begin{array} { l l l l } & 12 & 10 & 8 \\\text { First choice } & \text { A } & \text { B } & \text { D } \\\text { Second choice } & \text { D } & \text { C } & \text { B } \\\text { Third choice } & \text { B } & \text { A } & \text { A } \\\text { Fourth choice } & \text { C } & \text { D } & \text { E } \\\text { Fifth choice } & \text { E } & \text { E } & \text { C }\end{array}$
-Would there be any difference in the result if candidate A withdrew from the race before the ranking?

• A) No, B still wins.
• B) Yes, now C wins.
• C) Yes, now D wins.
• D) Yes, now there is no winner.

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Definitions:

Nominal Rate of Interest

The stated interest rate of a bond or loan without adjusting for inflation, representing the actual percentage that borrowers pay to lenders.

Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a period of time.

Nominal Interest Rates

Nominal interest rates are the stated interest rates on financial products without adjustment for inflation.

Rate of Inflation

The Rate of Inflation is the pace at which the general level of prices for goods and services is rising, eroding purchasing power.