One Important Difference Between the Political Process and the Market

question 97

Multiple Choice

One important difference between the political process and the market process is that

• A)the political process results in collective actions in which not everyone is required to participate, while in the market process individuals are obliged to participate.
• B)the political process results in collective actions in which everyone is obliged to participate, while in the market process individuals are free to participate or not.
• C)the political process results in collective actions that maximize economic surplus, while the market process may lead to efficiency losses.
• D)the political process results in collective actions in which everyone is made better off, while the market process results in actions that favor some groups only.

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Definitions:

Group Cohesion

The bond that keeps members of a group connected, often leading to increased group effectiveness.

Evolutionary Psychologists

Researchers who study the psychological traits such as memory, perception, and language from a modern evolutionary perspective.

Social Perception

The process of interpreting and understanding the behavior and motives of others through clues, context, and social cues.

Concurrence

The occurrence of two or more events or conditions at the same time, often with a degree of cooperation or agreement.