Many persons object to the results of the competitive market system because
a. it takes too much energy to coordinate activities.
b. efficient outcomes may not be compatible with their ideas of a fair distribution.
c. a few people can control all economic activity.
d. it fosters high rents and low beef prices.
b
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The danger in using data to estimate the consequences of a proposed policy is that ________
A) the data can reveal only the benefits of a policy, while estimating the policy's costs is important, also B) policies change so often that data can never reveal which policies are the cause of which consequences C) the public's expectations about the policy might influence the data, making the policy seem more or less appropriate than is actually the case D) the proposed policy, if implemented, might cause unforeseeable changes in the relationships that were in operation when the data were produced
The _____ allows voters to vote on a series of marginally smaller quantities of a good
a. committee version of the medium voter model b. representative democracy version of the medium voter model c. referendum version of the medium voter model d. cyclical majority