In Which Case Is the Political Process Most Likely to Result

question 32

Multiple Choice

In which case is the political process most likely to result in the acceptance of efficient projects and rejection of inefficient projects?

• A) The benefits are highly concentrated, and costs are widespread among voters.
• B) The costs are highly concentrated, and the benefits are widespread among voters.
• C) Both the benefits and costs are widespread among voters.
• D) The benefits accrue primarily in the future, while the costs are more visible during the current period.

---

Definitions:

Ethical Duty

A moral obligation to act in a manner that is considered to be right or virtuous, often guiding professional conduct and decision-making.

Legal Duty

An obligation recognized by law that requires an individual or entity to conform to a certain standard of conduct.

Maximizing Profits

The process of making the highest possible financial gain from business activities within the confines of the law and ethical practices.

Allocates Scarce Resources

The process of distributing limited resources among varying needs and wants in an efficient and effective manner.