Asked by Aaron Morris on Jun 29, 2024
Verified
In a sporting goods store, you can buy the equipment you want and forgo the rest. But in an election you "buy" the entire range of the candidate's positions, including some you may not agree with. This difference
A) reflects limited and bundled choices in the public sector.
B) describes the paradox of voting.
C) describes the principal-agent problem in the public sector.
D) creates bureaucratic inefficiency in the public sector.
Limited And Bundled Choices
Marketing strategies that restrict consumer options or package multiple products and services together.
Paradox Of Voting
The paradox of voting refers to the situation where individual rationality leads to a collective irrational outcome, such as when individuals decide not to vote because they believe their vote will not influence the outcome of an election, potentially leading to an outcome not preferred by the majority.
- Gain insight into the concept of public choice theory and its ramifications.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
A
Explanation :
This difference reflects limited and bundled choices in the public sector because, unlike in a market where you can select individual items (unbundled choices), in an election, you must choose a candidate as a whole package (bundled choices), accepting both the positions you agree and disagree with.
Learning Objectives
- Gain insight into the concept of public choice theory and its ramifications.