Question

1. Pick the best answer: In a representative government, if the representatives make the political choice that the majority of the entire population prefers, then it follows that

		total surplus for the society is maximized.
		total surplus for the society is not maximized.
		total surplus for the society is maximized if all the agents are rational.
		The other answers are incorrect.

2.

Logrolling (vote trading) in Congress makes political decision-making more like decision-making in private markets and therefore

		raises total social surplus.
		lowers total social surplus.
		raises total social surplus if the vote traders are rational and lowers it otherwise.
		raises total social surplus if money is paid for the votes and lowers it otherwise.
		All the other answers are incorrect.

3.

About what fraction of US K12 students attend public schools?

		10%
		30%
		60%
		90%

Answer 1

1. Pick the best answer: In a representative government, if the representatives make the political choice that the majority of the entire population prefers, then it follows that:

Answer- The correct answer is Option number 3d that is:

total surplus for the society is maximized if all the agents are rational.

As because the political choice made by the representative is same as that of the majority of population prefers and all agents should be rational otherwise the agents may prefer an irrational choice or decison which will prove to be harmful to the society.

Note-Dear Student We are supposed to answer only 1 question at a time so please upload the rest of the Questions seperately.

Hope this helps!