Because information and the time required to acquire and digest it arescarce,
A) consumers concentrate on private choices rather than on public choices
B) consumers concentrate on public choices rather than on private choices
C) it is irrational for consumers to remain ignorant of the costs and benefits of government proposals
D) consumers have greater incentive to gather and act upon information about public choices than to gather
And act upon information about their private choices
E) an individual voter has more incentive to examine the performance records of candidates for public office
Correct Answer:
Verified
Q1: Under representative democracy,
A)the median voter's preferences are
Q3: Sally, Kelly, and Debbie are roommates deciding
Q4: In a direct, majority-rule vote,
A)all voters get
Q5: Why might two presidential candidates appear to
Q13: In a democratic society, the preferences of
Q20: A good that is rival but nonexclusive
Q21: An example of competing-interest legislation is
A)a quota
Q22: Many eligible voters do not vote, and
Q35: Rationality implies that in order to get
Q55: With special-interest legislation,
A)benefits are concentrated but costs
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