Asked by
Muskan Baweja
on Dec 11, 2024
Verified
Which of the following is true?
A) Competitive behavior is present in the market sector but not in the public sector.
B) Because candidates for public office represent a bundle of views, there is more ability for individuals to make their preferences count on specific issues than in the market sector.
C) When decisions are made democratically, the economic and political power of all individuals will be equal unlike in the market sector.
D) The reality of the aggregate consumption-aggregate payment link imposed by scarcity is present in both the market and public sectors.
Competitive Behavior
Actions taken by businesses to gain advantage over their competitors, often through pricing, innovation, or quality improvements.
Aggregate Consumption
The total amount of goods and services consumed in an economy over a specified period.
- Compare the effectiveness and traits of market allocation to the attributes and efficiency of political processes.
- Assess the effects of how individuals vote and their attitudes towards voting on their participation in politics and information acquisition.
Verified Answer
LD
Learning Objectives
- Compare the effectiveness and traits of market allocation to the attributes and efficiency of political processes.
- Assess the effects of how individuals vote and their attitudes towards voting on their participation in politics and information acquisition.