*The political process sometimes leads to economic inef- ciency because we elect the wrong people to political...
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*“The political process sometimes leads to economic inef-
ciency because we elect the wrong people to political ofce.
If the right people were elected, a democracy governed by majority rule would allocate resources efciently.” Evaluate this statement.
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Related Book For
Microeconomics Private And Public Choice
ISBN: 9781305506893
16th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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