If a pair-wise majority vote was held and the voters' preferences are shown in the table, assuming transportation and the zoo was the first pair to be voted on, which option would win overall?
A. Public transportation
B. Public parks
C. Public zoo
D. Public parks and zoo.
B. Public parks
Economics
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If a $15 billion reduction in taxation produces a change of $20 billion in output, the value of the government taxation multiplier is ________
A) 35 B) 0.75 C) 5 D) 1.3
Economics
As opportunity cost of holding money increases, people can
A) do nothing. B) increase the demand for money but not the quantity of money they hold. C) find a better job. D) try to maximize marginal benefit. E) seek substitutes for money.
Economics