A woman approached Senator Adlai Stevenson when he was running for president, saying, "Senator, you have the vote of every thinking person!" The Senator is often credited with responding: "That's not enough, madam, we need a majority!" Which concept does this quip best reflect?
A) rational ignorance
B) opportunity cost
C) diffuse costs and concentrated benefits
D) median voter theorem
Correct Answer:
Verified
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A) rational only in extreme cases.
B)
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Q16: Which of the following statements is FALSE?
A)
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