Rational voter ignorance can lead politicians to: a. favor ...

[fbq8i]

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

[ladyjames123]

Answer to Question 1

d

Answer to Question 2

c

[fbq8i]

Thanks for the timely response, appreciate it

[dawsa925]

Great answer, keep it coming