Multiple Choice
"I know that my vote alone will not influence whether or not any new foreign trade legislation is enacted, so I have decided not to spend the time learning about various legislative proposals." This quote reflects an example of
A) the free-rider problem.
B) government failure.
C) rational ignorance.
D) voter inefficiency.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above
Q26: Which of the following is likely to
Q27: Rational ignorance means<br>A) ignorance is rationed.<br>B) the
Q28: If it is impossible or very costly
Q29: Public goods create a free-rider problem because
Q31: What is rational ignorance?
Q32: The concept of rational ignorance can explain
Q33: John receives a marginal benefit of $80
Q34: In the political marketplace, firms do all
Q35: Under what conditions will the political process