Multiple Choice
Why is a typical person likely to gather more information when buying a new car than when voting for a Member of Parliament?
A) because a person's preferences are more likely to be met with little effort in the political sphere but this is not the case when buying a car in the private marketplace
B) because it is less costly to acquire information about consumer items than it is about political candidates
C) because buying a new car affects a person more immediately and personally compared to voting for a Member of Parliament; in the latter, a person's vote is only one of many voters and therefore, not likely to have a large impact on the outcome
D) because the effects of buying a car are long term while a Member of Parliament has a relatively short tenure
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Figure 15.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4178/.jpg" alt="Figure 15.2
Q5: Table 15.5<br> <span class="ql-formula" data-value="\begin{array}{|c|c|}\hline
Q11: Suppose the provincial government imposes an 8
Q105: Holding all other factors constant, income earned
Q110: The idea that individuals should be taxed
Q111: Horizontal equity means that two people in
Q114: If your income is $40,000 and you
Q148: Consider a public good such as fire
Q185: The Gini coefficient is measured by<br>A)summing up
Q203: What is the relationship between market failure