Two political candidates are vying for town mayor,and the key issue is how much to spend onthe annual Fourth of July fireworks. Among the100 voters, 40 want to spend $30,000, 30 want tospend $10,000, and 30 want to spend nothing atall. What is the winning position on this issue?a. $10,000b. $15,000c. $20,000d. $30,000
Two political candidates are vying for town mayor,and the key issue is how much to spend onthe annual Fourth of July fireworks. Among the100 voters, 40 want to spend $30,000, 30 want tospend $10,000, and 30 want to spend nothing atall. What is the winning position on this issue?a. $10,000b. $15,000c. $20,000d. $30,000
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter18: Public Economy
Section: Chapter Questions
Problem 22CTQ: Is pork-barrel spending always a bad thing? Can you think of some examples of pork-barrel projects,...
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Two political candidates are vying for town mayor,
and the key issue is how much to spend on
the annual Fourth of July fireworks. Among the
100 voters, 40 want to spend $30,000, 30 want to
spend $10,000, and 30 want to spend nothing at
all. What is the winning position on this issue?
a. $10,000
b. $15,000
c. $20,000
d. $30,000
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