The concept of limited and bundled choice, as used in public choice theory, refers to the fact that:
A. Politicians may not be objective in evaluating economic policy programs
B. Because of the importance of television and other modern communication techniques, the best and brightest candidates may not be selected by voters
C. In an election, voters must select a candidate who has various preferences in a wide array of issues
D. The most economically efficient public policy programs may not be selected because political leaders do not know enough about economics
C. In an election, voters must select a candidate who has various preferences in a wide array of issues
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Why do governments want to maintain the health of the banking system?
What will be an ideal response?
The natural rate of unemployment is the amount of unemployment
A) associated with the business cycle. B) equal to frictional plus structural unemployment. C) that exists when the economy goes into recession. D) that exists when the economy is in an expansion.