If all voters are well informed about national defence,the quantity of national defence provided by the government will be
A)greater than the efficient quantity.
B)less than the efficient quantity.
C)the least costly quantity.
D)the efficient quantity.
E)the quantity that maximizes the budget of the Department of National Defence.

Question

Quizplus · Accepted Answer

If all voters are well informed about national defence, they will make rational and informed decisions about the necessary quantity of national defence. This means that they will demand the efficient quantity of national defence, which is the quantity that maximizes the net social benefit (the benefit minus the cost). Therefore, the government will provide the efficient quantity of national defence in response to the demands of well-informed voters.

If All Voters Are Well Informed About National Defence,the Quantity