In Which Case Is the Political Process Most Likely to Result

question 24

Multiple Choice

In which case is the political process most likely to result in the acceptance of productive programs and rejection of unproductive political activities?

• A) when the benefits are highly concentrated and costs widespread among voters
• B) when the costs are highly concentrated and the benefits widespread among voters
• C) when both the benefits and costs are widespread among voters
• D) when the benefits accrue primarily in the future, whereas the costs are more visible during the current period

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Definitions:

Associate

A term that may refer to a business partner, an employee position within a company, or a relationship between entities where one has significant influence over the other.

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence but does not have full control over that company.

Fair Value

An estimate of the price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.