According to Public Choice Theory, the Main Reason for Some

question 202

Multiple Choice

According to public choice theory, the main reason for some politicians' ability to build support for policies that generate more costs than benefits is that

• A) the public is always ignorant about the costs and benefits of any policy.
• B) rational ignorance is higher in the situation of concentrated benefits and diffuse costs.
• C) the government always misleads the public with biased information.
• D) the political process has flaws so that the public is always misinformed.

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Definitions:

Working Poor

Individuals or families who are employed but whose earnings are not sufficient to meet a standard of living that is considered acceptable or comfortable.

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.

Industrialized Nations

Countries that have undergone significant industrial development, characterized by advanced technological infrastructure and a high standard of living.

American Indian

A term historically used to refer to the indigenous peoples of the Americas, although many prefer other terms such as Native American, Indigenous American, or by their specific tribal affiliation.