From the viewpoint of economic efficiency, does representative democracy do a good job of handling special-interest issues?

1 Yes, special-interest groups are unable to benefit from government action unless they can convince the majority of voters that their position is sound.

2 No, legislators can often derive political gain from the support of special-interest projects that are inefficient.

3 Yes, the power of special interests is curtailed when decisions are made legislatively.

4 No, actions favored by well-organized special-interest groups are often rejected even when they would promote economic progress.