Much of Public Choice Argues That What the Public Wants

question 217

Multiple Choice

Much of public choice argues that what the public wants isn't reflected in elected officials' actions. Yet there is a strong connection between famine prevention and democracy (more democracy means less famine) , and this "exception" is completely consistent with ideas from public choice. Why?

• A) because the median voter doesn't want to starve
• B) because voters have a strong incentive to be informed
• C) because voters have strong memories about times they don't eat
• D) because the costs of corruption are concentrated rather than diffuse

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Definitions:

Average Variable Costs

an economic measure representing variable costs (expenses that change with production levels) averaged over a quantity of output.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good changes as the production volume is increased.

Average Variable Cost Curve

A graph that displays how the variable cost per unit changes with changes in output level.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit of a good varies as the production level increases.