Which of the following statements relating to collective choice is true?
A) Special interest groups always cause the will of a majority to be imposed on a minority.
B) If the marginal cost of voting exceeds its marginal benefit, then the matter being voted on is relatively important.
C) A low voter turnout may result when the marginal cost of voting exceeds its marginal benefit for a large number of individuals.
D) All of the above.
Correct Answer:
Verified
Q162: Public choice is the study of:
A) how
Q163: The study of the motives and attitudes
Q164: According to public choice theory:
A) individuals never
Q165: Cost-benefit principles can be applied to the
Q166: The primary opportunity cost of voting is:
A)
Q168: The choice to remain uninformed because the
Q169: Special interest groups:
A) are generally motivated to
Q170: The total benefit/total cost, and marginal benefit/marginal
Q171: The cost of a purchase or action
Q172: Marginal utility and total utility are, respectively:
A)
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