Top Posters
Since Sunday
52
50
25
13
9
9
9
8
8
8
8
8
New Topic  
wrote...
Posts: 119
Rep: 0 0
2 months ago

Question 1.

A situation where a member of Congress votes to approve a bill in exchange for favorable votes from other members on other bills is called

• rent seeking.

• logrolling.

• regulatory capture.

• special interest legislation.

Question 2.

The Arrow impossibility theorem explains

• why there is no system of voting that will consistently represent the underlying preferences of voters.

• why government regulation of private markets will always result in a reduction in economic efficiency in these markets.

• why voters are always rationally ignorant.

• why it is not possible to provide the economically efficient amount of any public good.
Source  Download
Microeconomics
Edition: 7th
Authors:
Read 12 times
1 Reply
Replies
Answer verified by a subject expert
wrote...
Posts: 147
2 months ago
Sign in or Sign up in seconds to unlock everything.

Answer 1

logrolling.

Answer 2

why there is no system of voting that will consistently represent the underlying preferences of voters.
1
Related Topics
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  318 People Browsing
Your Opinion
Where do you get your textbooks?
Votes: 97

Previous poll results: Do you believe in global warming?
Related Images
 2880
 58
 94

▶️ Video: Introduction to Autism

For a complete list of videos, visit our video library