Even If a Majority of the Population Wants a Law

question 105

True/False

Even if a majority of the population wants a law and the law is passed, the outcome may still be economically inefficient.

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Definitions:

Nonprofit Organizations

Entities that operate for purposes other than generating profit, often focusing on social, educational, or charitable activities.

Act-Learn-Build

A cyclical process model for innovation and development that emphasizes taking action, learning from outcomes, and building upon the insights acquired.

Risk Takers

Individuals or entities willing to engage in behaviors or decisions that involve potential losses or failure in pursuit of potential gains.

For-Profit Business

A type of organization that operates with the principal goal of making profits for its owners or shareholders.