In Which of the Following Situations Is the Political Process

question 3

Multiple Choice

In which of the following situations is the political process likely to result in the inefficient and wasteful use of resources?

• A) when the benefits are concentrated and the costs are concentrated
• B) when the benefits are concentrated and the costs widespread
• C) when the benefits are widespread and the costs are concentrated
• D) when the benefits are widespread and the costs are widespread

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Definitions:

Incentives

Rewards or benefits offered to motivate individuals or groups to behave in a certain way or to achieve specific objectives.

The World Is Flat

A metaphor that describes the increase in global interconnectedness, suggesting that geographical and geopolitical barriers are less relevant in the modern world.

Thomas Friedman

An American journalist and author known for his analysis on global affairs, particularly globalization and the technological world.

Internet

A global network of computers that provides vast information resources and communication facilities.