The Optimal Collective Decision Rule Is Found Where _____

question 24

Multiple Choice

The optimal collective decision rule is found where _____.

• A)decision-making costs are minimized
• B)the sum of the external and decision-making costs are minimized
• C)marginal political costs and marginal political benefits are equalized
• D)external costs are minimized

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Definitions:

Class Support

The assistance provided by members of a particular social class to one another, which can manifest in various forms including economic help, political solidarity, or social backup.

Distribution System

A network through which a company supplies its products or services to its customers.

Ruling Class

The social class that holds the majority of wealth, power, and influence within a society, often making and enforcing policies and decisions.

Elite Groups

A small, select group of people within society who hold a disproportionate amount of wealth, privilege, political power, or skill.