A Practical Approach to Microeconomic Policy Will Need to Take

question 41

Multiple Choice

A practical approach to microeconomic policy will need to take a realistic view of the specific strengths and weaknesses of markets and _______.

• A) rational ignorance that encourages a preference for uninformed voting
• B) the difficulties that arise when electors have three or more ballet choices.
• C) lobbying efforts that encourage pork-barrel spending
• D) the specific strengths and weaknesses of government

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Definitions:

Elite Democrats

Influential members within the Democratic Party known for their power, status, or wealth.

Public Opinion

The collective attitudes, beliefs, or views of the adult population regarding issues or subjects of public interest.

Agents of Political Socialization

Individuals, institutions, and experiences that contribute to and influence the political beliefs and values of individuals, such as family, schools, and media.

Populism

A political approach that strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.