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 $5 million while Mary proposed a budget of $4 million. Which of the two candidates will be elected if everyone votes?

Household consumption as a percentage of GDP in the United States is

A) less than that in other high-income countries. B) greater than that in low-income countries. C) equal to that in middle-income countries. D) greater than the average for countries around the world.

Two goods are substitutes when a decrease in the price of one good

a. decreases the demand for the other good. b. decreases the quantity demanded of the other good. c. increases the demand for the other good. d. increases the quantity demanded of the other good.