Lulu did not vote in the last election. When Ari asked her why, she said, “None of the candidates thinks like I do, and there are so many voters that what I want and my vote don’t matter. I’m not wasting my time playing a game and throwing away my vote.” What would a public choice economist say about Lulu?
a. She lacks basic logic.
b. She is a traitor.
c. She does not understand economics.
d. She is rationally ignorant.
d. She is rationally ignorant.
Economics
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A) payroll B) excise C) value-added D) property
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The full-employment level of output is called:
A) aggregate demand. B) aggregate supply. C) potential output. D) none of the above.
Economics