Which of the Following Describes the Asymmetry Mancur Olson Observed

question 59

Multiple Choice

Which of the following describes the asymmetry Mancur Olson observed in the incentives to support and oppose trade policy?

• A) The benefits of those seeking protection outweigh the costs imposed by the protection.
• B) The benefits of protection are spread out over a large number of firms and industries, but the costs are concentrated on consumers.
• C) The benefits of policy are concentrated, and the costs are spread out over a large number of participants.
• D) The costs of protection are concentrated on a few firms, and the benefits of protection are spread out over a large number of consumers.

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Definitions:

Mucus

A sticky, slimy substance produced by mucous membranes and glands for protection and lubrication in the body.

Airway

The path that air follows to enter and leave the lungs, including the nose, mouth, pharynx, larynx, trachea, and bronchi.

Insulin

A hormone secreted by the islets of Langerhans in the pancreas.