Rational ignorance helps explain why
a. legislators often trade votes on key issues to produce positive-sum games between them
b. legislators usually disregard the desires of those constituencies that cannot influence their chances for reelection
c. voters spend considerable time and effort to gather information to protect themselves against legislators with hidden agendas
d. it is rational for legislators to ignore the wishes and desires of all of their constituents
e. voters may choose to remain ignorant of issues when there are large costs associated with becoming informed
E
You might also like to view...
An increase in which of the following will increase the value of the spending multiplier?
A) The supply of money B) Equilibrium output C) Personal income tax rates D) The marginal propensity to consume E) The required reserve ratio
The fact that a single-price monopolist must lower its price to sell more output explains why price exceeds marginal revenue
a. True b. False