1. The trading of votes by elected officials to secure favorable outcomes is called:

A) logrolling.

B) splitting the difference.

C) social engineering.

D) grandstanding.

2. Because majority voting fails to incorporate the strength of the preferences of individual voters, it:

A) leads to market failure.

B) leads to politics dominated by special-interest groups.

C) under some circumstances produces economically inefficient outcomes.

D) creates negative externalities.

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