Why Do Many of Our Laws Seem to Favor the Upper-

question 5

Multiple Choice

Why do many of our laws seem to favor the upper- and upper-middle classes?

• A) Many of our laws are designed to protect property.
• B) Most laws are designed to restrict violent crime.
• C) Upper-class people are less likely to break the law.
• D) The laws are actually different for people of different classes.

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Definitions:

Policy Weakness

A flaw or deficiency in a policy that prevents it from achieving its intended outcomes or makes it inefficient.

Bargaining Costs

The expenses in time, resources, or money that are incurred during the process of negotiating agreements between parties.

Coase Theorem

A principle stating that, in the presence of clear property rights and negligible transaction costs, parties can negotiate to correct externalities and allocate resources efficiently.

Efficient Outcome

A situation in which resources are allocated in the most effective manner, maximizing total benefit and minimizing waste.