Economists (particularly public choice theorists) point out that the political process
A) differs from the marketplace in that voters and congressional representatives often face limited and bundled choices.
B) is less prone to failure than is the marketplace.
C) is a much fairer way to allocate society's scarce resources than is the impersonal marketplace, which is dominated by high-income consumers.
D) involves logrolling, which is always inefficient.
Correct Answer:
Verified
Q68: Which of the following is related to
Q70: Suppose American winemakers convince the federal government
Q84: Suppose lawyers seek legislation to limit the
Q124: Professional sports teams will sometimes seek public
Q126: The special-interest effect is one that yields
A)private
Q127: Suppose the U.S. House of Representatives is
Q129: When congressional representatives vote on an appropriations
Q130: As it relates to the political process,
Q131: Economists call the pursuit of extra profit
Q133: Public choice economists contend public bureaucracies are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents