In Which of the Following Situations Is Representative Democracy Most

question 202

Multiple Choice

In which of the following situations is representative democracy most likely to lead to the adoption of an inefficient government program?

• A) The program provides substantial benefits to a small interest group, and the costs are widespread among voters.
• B) Both the benefits and costs of the program are widespread among voters.
• C) The program is financed by a user charge that makes the individuals who benefit from the program pay for its cost.
• D) The program provides widespread benefits to all voters and imposes a significant cost on a small interest group.

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Definitions:

Bankruptcy Law

The body of laws that governs the process by which individuals or entities unable to repay debts to creditors may seek relief through the division of assets among creditors or the creation of a repayment plan.

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property, which serves as collateral for a loan.

Debtor

An individual or entity that owes a debt to another called a creditor, typically arising from a loan or other financial obligation.

Secured Party

A lender or creditor in a secured transaction who has a legal interest or lien on collateral provided by the debtor.