Principles Of Microeconomics 2e
2nd Edition
ISBN: 9781680922219
Author: Timothy Taylor, Steven A Greenlaw, David Shapiro
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Textbook Question
Chapter 18, Problem 14CTQ
What are some reasons people might find acquiring information about politics and voting rational, in contrast to rational ignorance theory?
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Chapter 18 Solutions
Principles Of Microeconomics 2e
Ch. 18 - Based on the theory of rational ignorance, what...Ch. 18 - What is the cost of voting in an election?Ch. 18 - What is the main factor preventing a large...Ch. 18 - Why might legislators vote to impose a tariff an...Ch. 18 - True or false: Majority rule can fail to produce a...Ch. 18 - Anastasia, Emma, and Greta are deciding what to do...Ch. 18 - Suppose there is an election for Soft Drink...Ch. 18 - How does rational ignorance discourage voting?Ch. 18 - How can a small special interest group win in a...Ch. 18 - How can pork-barrel spending occur in a situation...
Ch. 18 - Why do legislators vote for spending projects in...Ch. 18 - Why does a voting cycle make it impossible to...Ch. 18 - How does a government agency raise revenue...Ch. 18 - What are some reasons people might find acquiring...Ch. 18 - What are some possible ways to encourage voter...Ch. 18 - Given that rational ignorance discourages some...Ch. 18 - When Microsoft was founded, the company devoted...Ch. 18 - Representatives of competing firms often comprise...Ch. 18 - Special interests do not oppose regulations in all...Ch. 18 - To ensure safety and efficacy, the Food and Drug...Ch. 18 - How is it possible to bear a cost without...Ch. 18 - Is pork-barrel spending always a bad thing? Can...Ch. 18 - The United States currently uses a voting system...Ch. 18 - What are some alternatives to a first past the...Ch. 18 - AT10 million dollar. Lobbying Congress to block...Ch. 18 - Occupy Wall Street was a national (and later...Ch. 18 - Say that the government is considering a ban on...
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Similar questions
- Explain why according to the theory of rational ignorance, an individual will decide not to participate in the election process (vote).arrow_forwardWhat is the significance of the concept of rational ignorance? Question options: It explains why voters are swayed by single-issue voting. It explains why the majority of voters feel that their vote is important in determining the outcome of an election. It explains how false or exaggerated political advertising influences voting behavior. It explains why many people do not vote.arrow_forwardWhat is meant by limited and bundled choice when voting on a bill or candidate?arrow_forward
- A group of two or more political parties that governs by sharing executive power and responsibilities is called a .... Group of answer choices coalition threshold confiscation mercantilismarrow_forwardHow does Arrow's Impossibility Theorem challenge the feasibility of achieving a fair and consistent voting system in economic decision-making?arrow_forwardWhat type of control, if any, does the President have over the EPA (Environmental Protection Agency)?arrow_forward
- What is the difference between political competition and Tiebout competition? and what are the four types of Tiebout competition? Besides, what is Arrow’s Impossibility Theorem and what are its implications for voting?arrow_forwardWe know that lobbyists can influence campaigns, elections, and public policy. A good definition of lobbying is: Group of answer choices A person or group of people who are paid by the federal government to do analysis of what people in America care about so that correct public policies can be created. The act of lawfully attempting to influence the actions, policies, or decisions of government officials A person or group of people who talk to legislators and help them implement public policy. A person or group of people who are paid by legislators to help them implement public policy.arrow_forwardEconomists James Buchanan and Gordon Tullock are well-known for developing Group of answer choices the impossibility theorem. the voting paradox. the public choice model. the concept of government failure.arrow_forward
- We have heard of "Rock the Vote" or even "Vote or Die." What these ad campaigns are attempting to do is reduce the amount of voter apathy. What do economists call this situation? Using the principles of economics, please explain why there is such a lack of interest in being informed and voting. .arrow_forwardWhat are PILOTs and why might a nonprofit be willing to participate in a PILOT? Explain the common problems associated with majority-rule voting (i.e. direct democracy). What is the principal-agent problem and why to scholars believe that it is more pronounced with a government bureaucracy than with a private firm?arrow_forwardDescribe how government’s power to coerce can be economically beneficial and list some of the difficulties associated with managing and directing the government.arrow_forward
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