Economists (Particularly Public Choice Theorists) Point Out That the Political

question 136

Multiple Choice

Economists (particularly public choice theorists) point out that the political process

• A) differs from the marketplace in that voters and congressional representatives often face limited and bundled choices.
• B) is less prone to failure than is the marketplace.
• C) is a much fairer way to allocate society's scarce resources than is the impersonal marketplace, which is dominated by high-income consumers.
• D) involves logrolling, which is always inefficient.

---

Definitions:

Counterbore

A cylindrical flat-bottomed hole that enlarges another hole, typically to allow a screw or bolt head to sit flush with or below the surface of a material.

Spotface

A machined flat surface around a hole, usually to provide a seating area for a fastener head or washer.

Countersink

A conical cut made in a manufactured object, or the cutter used to create that cut, allowing the head of a screw or bolt to sit flush with or below the surface of the surrounding material.

Crosshatching

Crosshatching is a shading technique used in drawing and drafting to indicate surfaces in cut-sections, often to differentiate types of materials or components.