Question: Political economy. Make sure to EXPLAIN every answer you give.

In a small city, all residents can be divided into three groups, those who watch PBS, those who watch FOX, and those who watch MSNBS. For the past 10 years the city was running a budget deficit and as a result, accumulated large debt. The residents can either decrease spending, increase taxes, or do both. The preferences of city residents are listed in the table:

1. If the majority rule decides the outcome of the election and the ballot was decrease spending vs. increase taxes, which one would win? Explain why.
2. If the majority rule decides the outcome of the election and the ballot was decrease spending vs. do both, which one would win? Explain why.
3. If the majority rule decides the outcome of the election and the ballot was increase taxes vs. do both, which one would win? Explain why.
4. Comment on usefulness of majority rule in this election
5. If the outcome was decided by Borda rule and all three options were presented, which option would be approved? Comment on usefulness of Borda rule in this election. In order to receive full credit you need to show your work.

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