7. According to public choice theory, polices with concentrated benefits and diffused costa are most ikely when Not yet answeied O a. voters are rationally ignorant of a topic and special interests are actively lobbying. O b. the policy involves the redistribution of income.  O c there is a two party system. O d. voters have a wide range of preterences, with no consensun. 8. Positive economics is about: O a. describing, xplaining, or predicting economic events. O b. making recommendations about what economic policy should be. O c. prescribing and making aclaim on the economy. O d. veritying and confirming economic poliky

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

7. According to public choice theory, polices with concentrated benefits and diffused costa are most ikely when Not yet answeied

O a. voters are rationally ignorant of a topic and special interests are actively lobbying.

O b. the policy involves the redistribution of income. 

O c there is a two party system.

O d. voters have a wide range of preterences, with no consensun.

8. Positive economics is about:

O a. describing, xplaining, or predicting economic events.

O b. making recommendations about what economic policy should be.

O c. prescribing and making aclaim on the economy.

O d. veritying and confirming economic poliky

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Paradox Of Voting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education