Solved

Policy a Adversely Affects 50 Million People at a Cost

Question 23

Multiple Choice

Policy A adversely affects 50 million people at a cost of $1 per person. But Policy A also benefits 1,000 people at $30,000 per person. Which of the following statements is true?


A) Policy A will not become law because it hurts more people than it helps.
B) Policy A concentrates all the costs among a small group of people and all the benefits among a large group of people.
C) Policy A is likely to be supported by politicians even though it makes society worse off.
D) Since Policy A negatively affects many people, and so rational ignorance will not be a problem.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents