Table 15.1Table 15.1 shows the preferred budget in millions for a new sports facility and the number of thousands of voters in a community who prefer that budget. Tom proposed a budget of $7 million while Mary proposed a budget of $2 million. This suggests that Tom will get ________ thousand votes while Mary gets ________ thousand votes.

A. 7; 36
B. 22; 21
C. 27; 16
D. 31; 12

Answer: B

Economics

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If the Fed sells government securities

A) commercial bank reserves will decrease. B) the government's debt will decrease. C) commercial bank reserves will increase. D) there will be no effect on the quantity of money.

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Which of the following is not a usual consequence of inflation?

A) Income is redistributed among people. B) People are misled into supposing that their earnings have risen substantially. C) People believe that rising prices have made them worse off. D) The cost of living goes up for everyone. E) The value of money falls.

Economics