Why Might a Politician Start a Costly Spending Program If

question 91

Multiple Choice

Why might a politician start a costly spending program if its costs exceed its social benefits?

• A) The politician is trying to find ways to raise more money for the next election.
• B) The politician gains prestige and voters are not well informed of the benefits and costs.
• C) Voters do not care about the costs of programs, as long as their taxes do not go up.
• D) The costs cannot be measured therefore the politicians focus on the benefits which are explicit.

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Definitions:

Law Of Agency

A legal doctrine concerning the relationship between the agent and the principal, where the agent is authorized to act on behalf of the principal.

Quasi-Contract

A legal concept where the courts impose contractual obligations on parties not in an actual contract to prevent unjust enrichment.

Law Of Equity

A system of law that supplements the statutory and common laws, aiming to achieve fairness and justice in cases where strict application of the law might result in an inequitable outcome.

Real Estate Agent

A certified individual who acts on behalf of sellers or buyers in property sales.