Which theory asserts that when the costs of becoming informed and voting are too high, people will not vote in an election?
a. Theory of rational ignorance
b. Median voter theory
c. Normative political theory
d. Theory of majority rule
a. Theory of rational ignorance
The theory of rational ignorance asserts that people will not vote when the costs of becoming informed and voting are too high.
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Refer to the Article Summary. Colorado taxes marijuana with a 12.9% sales tax on buyers and a 15% wholesale excise tax on producers, or a total tax of 27.9%
Suppose the actual burden of the tax falls 80 percent on consumers and 20 percent on producers. In this case, consumers will actually bear the tax burden of about ________ percent of the selling price and producers will actually bear the tax burden of ________ percent of the selling price. A) 80; 20 B) 13; 15 C) 46; 54 D) 22; 6
How might strict adherence to the Taylor rule discourage cost-push inflation?
What will be an ideal response?
According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is
A. considered unemployed. B. considered underemployed. C. counted as a "not currently working" member of the labor force. D. not a member of the labor force.
The idea of charging two different groups of consumers two different prices is practiced in:
A. two-part pricing. B. commodity bundling. C. price matching. D. None of the answers are correct.