Which Theory Says That Public Policy Largely Results from a Variety

question 29

Multiple Choice

Which theory says that public policy largely results from a variety of interest groups competing with one another to promote laws that benefit members of their respective groups?

• A) Cooperativism
• B) Majoritarianism
• C) Pluralism
• D) Capitalism
• E) Legalism

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Definitions:

Lawsuit

A legal action brought in a court by a plaintiff against a defendant, typically seeking compensation for some form of harm or enforcement of a right.

Common Property Resource

Resource to which anyone has free access.

Efficient Use

Utilization of resources in such a way that maximizes the production of goods and services at lowest cost.

Coase Theorem

A principle stating that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property.