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.

---

Definitions:

Ought Selves

The representation of the attributes that someone believes they should possess, often influenced by societal, familial, and personal expectations.

Self-regulation

Refers to the ability of an individual to manage their emotions, thoughts, and behaviors in accordance with their goals.

Big Five

A model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability, often contrasting with introversion.