The answer is: "rational ignorance." What is the question?
A) Why do special interest groups lobby politicians?
B) What causes a candidate in a two-person political race to take polls?
C) What explains why voters often know very little about the candidates and the issues?
D) What motivates the free rider?
C
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The use of a directive interview makes it more difficult for supervisors to compare one applicant's background to another.
Indicate whether the statement is true or false.
Macroeconomists are concerned with each of the following issues EXCEPT:
A. Why does inflation vary across countries? B. Why does inflation vary over time? C. Why do the prices of computers increase more slowly than the price of gasoline? D. What are the costs of inflation?
After World War II, the United States has pursued a broad policy of
A) strengthening "Fortress America" protectionism. B) removing barriers to international trade. C) isolating Iran and other members of the "axis of evil." D) protecting the U.S. from the economic impact of oil producers. E) restricting trade of manufactured goods.
The contagion effect refers to the fact that
A) deposit insurance has eliminated the problem of bank failures. B) bank runs involve only sound banks. C) bank runs involve only insolvent banks. D) the failure of one bank can hasten the failure of other banks.