Author Question: Refer to Figure 2-1. ________ is (are) technically efficient. A) Point A B) Point B C) Point C D) ... (Read 107 times)

jlmhmf · **on:** Jun 29, 2018

Refer to Figure 2-1. ________ is (are) technically efficient.

A) Point A B) Point B C) Point C D) Points B and C

Question 2

When is an individual said to have single-peaked policy preferences?

What will be an ideal response?

pikon · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

An individual's policy preferences are single-peaked if he or she prefers policies closer to his or her political bliss point to those that are farther away. The individual's political bliss point is his or her most preferred policy option.
A-head: CONFLICT OF INTEREST AND POLITICAL ECONOMY
Concept: Single-peaked preferences