Which one of the following is a major difference between market and collective action through government?
A) Individuals are motivated by personal interests when making market choices, but they will be motivated primarily by the public interest when making collective choices.
B) Competitive behavior is present when decisions are made in the marketplace, but competition is absent when choices are made collectively.
C) Scarcity constrains output when decisions are made in the market sector, but scarcity is absent when goods are provided by the government.
D) In the market sector, there is generally a one-to-one link between payment and consumption; this link is often absent in the government sector.
Correct Answer:
Verified
Q191: Combined federal, state, and local government expenditures
Q192: A politician may be considered an entrepreneur
Q193: At the most basic level, the distinguishing
Q194: Senator Blacklung represents a state that grows
Q195: Which of the following is true regarding
Q197: At the most basic level, the distinguishing
Q198: Public choice theory indicates competitive forces provide
Q199: Which of the following is true?
A) Competitive
Q200: The fact that voters perceive their votes
Q201: The major categories of federal government spending
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