Economic reasoning suggests that individuals should spend little time learning about election candidates and other electoral issues because:
a. marginal benefit is zero.
b. the information cost is too high compared to the benefit to the individual.
c. information is easily available.
d. the result of the election are unlikely to have a serious impact on a market-driven economy.
B
You might also like to view...
If American imports run chronically above our exports, a trade deficit develops
a. True b. False Indicate whether the statement is true or false
In most societies, resources are allocated by
a. a single central planner. b. a small number of central planners. c. those firms that use resources to provide goods and services. d. the combined actions of millions of households and firms.
When the government finances a shovel-ready project through taxes or borrowing, this will result in
What will be an ideal response?
How long do most business cycles last?
A. Two full years B. Two consecutive quarters C. At least 10 years D. Varying lengths of time