Voters may be rationally ignorant about political issues because they:
a. don't realize how much they benefit from voting
b. underestimate the effect of their one vote
c. believe that the cost of gaining the information is greater than the benefit of having the information
d. all of the above
Answer: c. believe that the cost of gaining the information is greater than the benefit of having the information
Economics
You might also like to view...
A wage rate that is adjusted for changes in the price level is known as the
A) nominal wage. B) minimum wage. C) functional wage. D) real wage.
Economics
The Fed has immense power and there are no limits to the extent to which it can effectively control the economy
Indicate whether the statement is true or false
Economics