A business cycle is actually a continuous series of different...

Unions might support a higher minimum wage because:

A. their constitutions obligate them to do so. B. they feel a higher minimum wage will lower labor's tax payments for welfare programs. C. a higher minimum wage makes less-skilled workers less substitutable for union workers. D. the minimum wage is better targeted than are alternative income-maintenance programs.

The choice of a voter to remain uninformed because the marginal cost of obtaining information is greater than the marginal benefit from obtaining knowledge is called:

A. irrational ignorance. B. rational ignorance. C. collective interest. D. choice.