Author Question: Rational voter ignorance can lead politicians to: a. favor programs with immediate and clear ... (Read 86 times)

fbq8i · **on:** Jun 30, 2018

Rational voter ignorance can lead politicians to:
a. favor programs with immediate and clear benefits and unclear and deferred costs.
b. fail to take all the benefits and costs of a program fully into account in deciding on which policies to favor.
c. do a poor job of overseeing the actions of public sector bureaus.
d. all of the above

Question 2

Which of the following holds true, if goods sell for the same price worldwide when converted to a common currency?
a. A high rate of inflation exists
b. A fixed exchange-rate system exists
c. Purchasing power parity exists
d. The foreign exchange market is in equilibrium
e. Arbitrage opportunities exist