An arms race is an example of a _____.
a. positive externality
b. inframarginal positive externality
c. Coasean solution
d. prisoners' dilemma
Question 2
The legislature is equivalent to a political market because _____.
a. legislators are akin to price takers
b. policies can be bought and sold
c. legislators can be bought and sold
d. logrolling allows legislators to trade amongst themselves