What is meant by the term "rational ignorance"?
A) It refers to the fact that policymakers and their constituents have different ideas of what it means to behave rationally and each party deliberately ignores the other's view.
B) It refers to the absence of a negative incentive, such as levying a fine for not voting, which results in low voter turnout.
C) It refers to a situation where one policymaker deliberately approves legislation he does not support in exchange for a future favorable vote for his own cause.
D) It means the lack of an economic incentive for voters to become informed about a pending vote.
D
You might also like to view...
The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the total deadweight loss?
A) $2,000 B) $800 C) $0 D) 600 umbrellas
One In the News article titled "Perceptions of Government Failure" indicates that people think that the government is not very trustworthy when it comes to solving domestic issues. If this is true, this is an example of
A. The free-rider dilemma. B. The problem of externalities. C. Market failure. D. Government failure.