A citizen who acquires good information about the candidates before voting in a presidential election thereby
A) imposes spillover costs on all other registered voters.
B) increases the probability others will also acquire information before voting.
C) incurs a substantial cost; yet, his vote no discernible effect on the election.
D) makes it much more likely a candidate will be elected who will promote that voter's interests.
E) makes it much more likely a good candidate will be elected.
C
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What is the length of a term for the Chairman of the Board of Governors?
A) one year B) four years C) 14 years D) 28 years
Which of the following involves signaling?
a. high wage rates attracting a larger pool of applicants for a job b. firms taking advantage of outsourcing when transactions costs are low c. reporting one's college GPA on a resume d. paying higher wages to workers who produce more e. requiring the sales staff to work strictly on commission