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Author Question: Rational ignorance about the efficient quantity of a public good can result in A) the principle ... (Read 97 times)

j.rubin

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on: Jun 29, 2018
Rational ignorance about the efficient quantity of a public good can result in
 
  A) the principle of minimum differentiation.
  B) excludable goods.
  C) bureaucratic overprovision of a good.
  D) the vertical summation of individual's marginal benefit curves.

Question 2

I know that my vote alone will not influence whether or not any new foreign trade legislation is enacted, so I have decided not to spend the time learning about various legislative proposals. This quote reflects an example of
 
  A) the free-rider problem.
  B) government failure.
  C) rational ignorance.
  D) voter inefficiency.


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jaaaaaaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


j.rubin

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ttt030911

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Reply 3 on: Yesterday
Excellent

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