Which of the Following Is a Consequence of the Voting

question 134

Multiple Choice

Which of the following is a consequence of the voting paradox?

• A)A majority of voters elect a candidate that does not represent the preferences of the voter who is in the political middle.
• B)Politicians support small groups of individuals and firms that benefit from special interest legislation, rather than a much larger group of voters who pay the cost for this legislation.
• C)Individuals and firms who benefit from government actions engage in rent seeking.
• D)The collective preferences of voters are not transitive and voting outcomes are inconsistent.

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Definitions:

Modern Economies

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Self-Sufficient

Being able to meet one's basic needs without external assistance, characterized by independence in producing goods and services required for survival.

European Monetary Union

The European Monetary Union is a group of European countries that share a common currency, the euro, and a common central bank, the European Central Bank.

Manufacturing Export

Goods produced domestically and sold to customers in foreign countries.