Scenario 6-1 the Quotation Below Relates to the Following Question(s)

question 150

Multiple Choice

Scenario 6-1 The quotation below relates to the following question(s) .
"The ideal policy, from the viewpoint of the state, is one with identifiable beneficiaries, each of whom is helped appreciably, at the cost of many unidentifiable persons, none of whom is hurt very much." (George Stigler, A Dialogue on the Proper Economic Role of the State )
Refer to Scenario 6-1. This statement is probably

• A) incorrect because voters are well informed on a wide range of political issues.
• B) incorrect because the political process dilutes the influence of special interest groups, because like other citizens, their members have only one vote.
• C) correct because the well-informed voter will favor policies that cater to the views of small groups of people.
• D) correct because voters who have a strong personal interest in an issue will tend to support candidates who cater to their views, whereas most other voters ignore the issue.

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Definitions:

Crude Oil Refinement

The industrial process of converting crude oil into useful petroleum products such as gasoline, diesel, and jet fuels.

Kerosene

A flammable hydrocarbon liquid commonly used as a fuel in heating, jet engines, and lighting, extracted from petroleum.

Jet Fuel

A type of aviation fuel designed for use in aircraft powered by gas-turbine engines.

Industrial Chemicals

Chemical compounds produced in large quantities for use in various industries, ranging from manufacturing to agriculture.