Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of resources to public

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Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of resources to public goods. Is this problem likely to be greater under a benefits-received or under an ability-to-pay tax system?

Use the information in Figures 29.1a and 29.1b to show how society might be better off if Adams were allowed to buy votes.

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Economics

ISBN: 9780073336947

17th Edition

Authors: Campbell McConnell , Stanley Brue

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