Asked by
Jennifer Cortez
on Nov 25, 2024Verified
Majority voting fails to incorporate the strength of the preferences of individual voters and therefore
A) reduces the power of the median voter.
B) is the primary reason for public sector failure.
C) may produce economically inefficient outcomes.
D) creates the opportunity for the fallacy of limited decisions.
Public Sector Failure
A situation where government interventions in the economy fail to allocate resources efficiently, leading to a loss of economic welfare.
Economically Inefficient Outcomes
Situations where resources are not allocated optimally, leading to a decrease in overall welfare or a misallocation of resources that could result in lost benefits for society.
- Comprehend the restrictions of majority voting in representing the intensity of voter preferences and its possible consequences in producing outcomes that lack efficiency.
Verified Answer
KS
Learning Objectives
- Comprehend the restrictions of majority voting in representing the intensity of voter preferences and its possible consequences in producing outcomes that lack efficiency.