Market Allocation and the Political Process Differ in That

question 4

Multiple Choice

Market allocation and the political process differ in that

• A) competition is present in the market sector but not in the political sector.
• B) scarcity is a constraint in the market sector but not the political sector.
• C) there is a one-to-one link between payment for and receipt of a good in the market sector, but this is often not true in the political sector.
• D) in the political sector, voters have a strong incentive to acquire information that will help them make better decisions, but in the market sector, consumers do not have much incentive to acquire information.

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Definitions:

Maturation

The process of becoming mature or fully developed physically, emotionally, or mentally.

Intersexuals

People whose medical classification at birth isn’t clearly male or female.

Transvestites

People who cross-dress at times but don’t necessarily consider themselves a member of the opposite sex.

Homosexuals

Individuals who are sexually attracted to people of the same sex.