Rational ignorance
A) refers to attempts by special interests to use government action to make themselves better off at the expense of others.
B) explains the Arrow impossibility theorem.
C) helps to explain why rent seeking by special interest groups occurs.
D) explains why consumers ignore sunk costs when they vote.
C
Economics
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Explain the purpose of the following figure 14-2 from the text in the context of the interest rates on the dollar and the Japanese Yen between 1980 and 2010
What will be an ideal response?
Economics
The financing of investment spending is often made possible by
a. consumer spending. b. money supply creation. c. borrowing. d. tax reductions.
Economics