Congressman Flack votes for a program that will benefit the constituents of Congressman Walpole. The public choice model suggests that Flack's vote is best explained by which of the following?
A) logrolling B) the voting paradox C) party loyalty D) rational ignorance
Question 2
Relative to a perfectly competitive market, a monopoly results in
A) a gain in producer surplus equal to the gain in consumer surplus.
B) a gain in producer surplus equal to the loss in consumer surplus.
C) greater economic efficiency.
D) a gain in producer surplus less than the loss in consumer surplus.