Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4)How does Friedman compare the freedom to vote in the polling place and the freedom to buy in the marketplace? a) The freedom to vote
4)How does Friedman compare the freedom to vote in the polling place and the freedom to buy in the marketplace? a) The freedom to vote in the polling place and the freedom to buy in the marketplace are very actually quite similar. b) The freedom to vote in the polling place delivers a more sociallyefficient result than the freedom to vote in the marketplace because the former results from aggregating social preferences through voting. c) The freedom to vote in the marketplace delivers a more socially-efficient result than the freedom to vote in the voting place because the former gives a one-toone matching of individual preferences and resources. d) The freedom to vote in the marketplace delivers a more socially-efficient result than the freedom to vote in the voting place because democracy is an inefficient mechanism for running the government. e)None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started