One Important Difference Between the Political Process and the Market

question 97

Multiple Choice

One important difference between the political process and the market process is that

• A)the political process results in collective actions in which not everyone is required to participate, while in the market process individuals are obliged to participate.
• B)the political process results in collective actions in which everyone is obliged to participate, while in the market process individuals are free to participate or not.
• C)the political process results in collective actions that maximize economic surplus, while the market process may lead to efficiency losses.
• D)the political process results in collective actions in which everyone is made better off, while the market process results in actions that favor some groups only.

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Definitions:

Low Conformers

Individuals who tend not to follow the norms or standards set by their social group or society.

Tolerate

To allow the existence, presence, or practice of something that one does not necessarily like or agree with, without interference.

Self-Expression

The act of conveying one’s thoughts, feelings, or ideas through various forms such as speech, writing, or art.

Avoider

Someone who would rather not be around conflict at all and values neutrality highly.