Question

In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as
a. rent seekingbehaviorb. lack of accountabilityc. principal agent problemd. limited and bundled choice problem

Answer 1

In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as limited and bundled choice problem.

Option d

Explanation:

In presidential elections, the voter has to select the candidate who is going to have the power of selecting the public services and goods that has to be financed by the tax money given by the voters.

The limited and bundled choice issue reduces the economic efficiency as a politician selects the programs with either positive or negative net benefits. The choices are bundled in that the limited set of candidates would govern over a multiple issues, and the preferences of the voters may not be perfectly aligned with any candidate.