Question

Complete the sentence. The political equilibrium provides public goods in excess of the efficient quantity if _ O A. voters a

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Option B.

  • A political equilibrium is usually established when there is an agreement between the people involved in politics on the production and provisioning of public goods and services.
  • These aggrements are made collectively given the tax shares distributed among the individuals.
  • These choices made collectively seem to be efficient and hence cannot be improved more.
  • But if some well informed interest groups are combined with rational ignorance of some voter's, the political equilibrium provides public goods in excess of the efficient quantity.
Add a comment
Know the answer?
Add Answer to:
Complete the sentence. The political equilibrium provides public goods in excess of the efficient quantity if...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Paragraph Styles Unit 8 - Market Failures: Externalities, public goods, natural resources The production of coffee...

    Paragraph Styles Unit 8 - Market Failures: Externalities, public goods, natural resources The production of coffee pods results in environmental damages when consumers throw the pods away. Currently consumers are not responsible for the costs of disposing of these coffee pods. MSC MPC The environmental damages caused by throwing away the coffee pods is an example of a:1 Vertical (Value) Axis Major Gridlines a. Positive externality b. Negative externality c. Private costs d. Private benefits Consider the market for coffee...

  • In not more than twenty (20) words, state the theses of the following passages. Each thesis...

    In not more than twenty (20) words, state the theses of the following passages. Each thesis should be strong, precise and researchable. Question 3 (a) We wish to interrogate the effects of societal polarization – albeit negatively – the unending demand of citizens for probity and accountability from political leadership in Ghana. Encapsulating the political culture or attitude of the Ghanaian since the introduction of multi-party democracy in the 1950s are the elements of societal polarization, contestations and overtly partisan...

  • Read “Instituionalizing our Demise: America vs Multiculturalism” by Roger Kimball on pg 268 and “Reinventing America”...

    Read “Instituionalizing our Demise: America vs Multiculturalism” by Roger Kimball on pg 268 and “Reinventing America” Call for a new national indentity” by Elizabeth Martinez on pg 275. Create a double entry notebook for each reading selection It should be atleast five observation and responses. wric 268 PART 2 essay pro. exactly how and why their authors disagree. Instead of with parties in conflict as mediators do, you will nt of view designed to appeal to both sides, mediatn posing...

  • I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this...

    I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) SPECIAL ARTICLES tole of Monetary Policy C Rangarajan What should be the objectives of monetary policy? Does the objective of price stability conflict with the goal of achieving...

  • Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

    Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...

  • what discuss can you make about medicalization and chronic disease and illness? Adult Lealth Nursing Ethics...

    what discuss can you make about medicalization and chronic disease and illness? Adult Lealth Nursing Ethics mie B. Butts OBJECTIVES After reading this chapter, the reader should be able to do the following: 1. Explore the concept of medicalization as it relates to the societal shift away from physician predominance of the 1970s. 2. Differentiate among the following terms: compliance, noncompliance, adherence, nonadherence, and concordance. 3. Examine cultural views with regard to self-determination, decision making, and American healthcare professionals' values...

  • Below is the information: It is important to understand the different leadership styles employed by nursing...

    Below is the information: It is important to understand the different leadership styles employed by nursing leaders in healthcare organizations and to understand their significance on nursing practice and patient outcomes, for better or for worse. Objective: Read the articles from Nursing Standard (PDF) and Bradley University (PDF). In -250 words, formulate an opinion on the following: 1. Reflect on an occasion where you experienced ineffective leadership (doesn't have to be in the hospital). What behaviors did they display? What...

  • Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming...

    Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT