When a voter chooses to remain ignorant when the opportunity costs of gathering information outweigh the benefits, it is called:

A. irrational voting.
B. trigger mechanisms.
C. rational ignorance.
D. instinct theorem.

C. rational ignorance.

Economics

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Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse

"To ensure this recovery… Ministers agreed a 10 percent cut in days at sea (for North Sea cod)," EU Fisheries Commissioner Joe Borg stated in 2008. What is the goal of this policy? A) To reduce the number of fishing days to the point where marginal cost per day equals marginal benefit B) To reduce the number of fishing days to the point where marginal social cost per day equals marginal benefit C) To reduce the number of fishing days to the point where marginal social benefit per day equals marginal benefit D) To reduce the number of fishing days to the point where marginal social cost per day equals marginal social benefit

Economics

Which of the following promoted legislation that would give private citizens greater information regarding public policymaking?

a. The Keynesians b. The monetarists c. The new classicals d. The traditional classicals e. The consumer advocates

Economics