According to Political Scientist Larry Bartels, Lower-Class Citizens Who Favor

question 20

Multiple Choice

According to political scientist Larry Bartels, lower-class citizens who favor tax cuts for the rich are an example of

• A)misplaced self-interest.
• B)aspirational motivation.
• C)socioeconomic class refraction.
• D)illusory economic stratification.

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Definitions:

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the cost of the goods or services involved.

Adverse Selection

A situation in markets where buyers and sellers have different information, leading to transactions where one party may be disadvantaged.

Insurance Payouts

Refers to the money that insurance companies pay to policyholders or beneficiaries when a claim is made and approved under the terms of an insurance policy.