According to the public choice theory, voters who choose to remain uninformed about the issues are behaving irrationally

If the consumption function is C = 25 + 0.9y and income increases by $100, then autonomous consumption spending will be

A) $10. B) $25. C) $90. D) $115.

Adverse selection is created by

A) incentives to change behavior after two parties have reached an agreement. B) risk. C) lump-sum taxes. D) private information.