How Is a Decline in Political Efficacy Likely to Matter

question 26

Multiple Choice

How is a decline in political efficacy likely to matter for the health of American democracy?

• A) It is likely to lead to an increase in political participation and a renewed interest in political life.
• B) It is likely to lead to a decline in political participation and a withdrawal from political life.
• C) It is likely to lead to less dishonesty by elected representatives.
• D) It is likely to lead to more initiatives and ballot referenda.
• E) It is likely to lead to a stronger belief in the values of liberty and equality.

---

Definitions:

Excess Burden

Refers to the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved, leading to a net loss in total surplus.

Mutual Exchanges

A process where parties agree to transfer goods, services, or other items of value with each other.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.