The theory of ____________ holds that people will not vote if the costs of becoming informed and voting are too high, or if they feel their vote will not be decisive in the election.
a. irrational voting
b. rational ignorance
c. mathematical ignorance
d. rational voting
b. rational ignorance
The theory of rational ignorance holds that people will not vote if the costs of becoming informed and voting are too high, or if they feel their vote will not be decisive in the election.
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When net capital flows are negative,
A) capital inflows are less than capital outflows. B) net foreign investment is negative. C) capital outflows are less than capital inflows. D) A and B are both correct.
If the Fed conducted an open market sale of government bonds and raised the discount rate: a. the money supply would increase
b. the money supply would decrease. c. the money supply would not change. d. the money supply could either increase or decrease.