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As Information and the Time Required to Acquire and Digest

Question 40

Multiple Choice

As information and the time required to acquire and digest it are scarce,_____


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) voters elect representatives, who always make public choices that reflect constituents' views.
E) voters have a special economic interest in making informed decisions about public choices.

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