Because of voter rational ignorance, the government might not ...

[jCorn1234]

Because of voter rational ignorance, the government might not produce the efficient quantity of a public good.
 
  Indicate whether the statement is true or false

Question 2

Explain why the availability of resources affects the elasticity of supply.
 
  What will be an ideal response?

[Madisongo23]

Answer to Question 1

TRUE

Answer to Question 2

A good that can be produced using commonly available resources has costs that increase only a little when its production increases. Its supply will be more elastic. If, however, the production of a good requires very specialized resources, an increase in production will be very costly. Its supply will be more inelastic.