Even if a majority of the population wants a law and the law is passed, the outcome may still be economically
ineﬃcient.

Question

Quizplus · Accepted Answer

Just because a law is popular and passed does not necessarily mean it will have positive economic outcomes. Economic efficiency requires that resources are allocated in a way that maximizes overall welfare, and sometimes laws that are popular may not achieve this goal.

Even If a Majority of the Population Wants a Law