An ______ is a form of market failure in which consumers’ lack complete understanding or knowledge of their options in a given transaction.
Fill in the blank(s) with the appropriate word(s).
information failure
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Peace and pocketbook issues are generally ignored in presidential campaigns
Indicate whether the statement is true or false
The largest share of the U.S. federal debt is owned by
a. The U.S. Treasury and other federal agencies b. U.S. private investors c. Federal Reserve banks d. foreigners
An environmental group works to pass legislation that would decrease air pollution
But an individual would probably not contribute to that group, especially if he or she could enjoy the benefits of breathing clean air without participating in the group's campaign. This is an example of the __________ problem.
Which of the following statements is correct regarding the Bill of Rights?
A) The rights guaranteed to all citizens in the Bill of Rights are self-executing and have required little interpretation. B) The Bill of Rights has always been equally applied to both the national and state governments. C) The Bill of Rights consists of additions to the civil liberties initially discussed in the Constitution. D) The Bill of Rights narrowly defines basic freedoms, requiring great consideration by the Supreme Court in interpreting them. E) The rights guaranteed in the Bill of Rights change over time, depending on interpretation by the Supreme Court.