According to the economic analysis of democracy, citizens do not acquire sufficient information to vote intelligently because

A) money controls the media.
B) private concerns matter more to them than public affairs.
C) they are apathetic about government.
D) they know their vote doesn't really matter.
E) the country is a republic, not a democracy.

D

Economics

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The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal external cost when 200 billion kilowatt hours are produced is

A) 0¢ per kilowatt. B) 10¢ per kilowatt. C) 20¢ per kilowatt. D) 15¢ per kilowatt. E) 5¢ per kilowatt.

Economics

Resource owners will supply additional units of a resource as long as doing so

a. decreases their opportunity cost b. increases their income c. increases their utility d. decreases their income taxes e. improves their working conditions

Economics