List and describe two issues regarding incentives and information that explain why the median voter model might not accurately describe democratic decision-making

What will be an ideal response?

Rational ignorance and special interests are two of the primary reasons why the median voter model might not accurately describe the results of democratic decision-making. Rational ignorance occurs because one vote has almost no incentive to change the outcome of an election so voters have little incentive to collect information to cast an informed vote or even to vote at all. Special interests occur when smaller groups have an incentive to become informed about political programs that provide them with concentrated benefits.

Economics

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Globalization is the process of countries imposing trade restrictions on other countries

Indicate whether the statement is true or false

Economics

A potential cause of competitive market failure is symmetric information.

Answer the following statement true (T) or false (F)

Economics