Because Information and the Time Required to Acquire and Digest

question 125

Multiple Choice

Because information and the time required to acquire and digest it are scarce,

• A)consumers concentrate on private choices rather than on public choices
• B)consumers concentrate on public choices rather than on private choices
• C)it is irrational for consumers to remain ignorant of the costs and benefits of government proposals
• D)consumers have greater incentive to gather and act upon information about public choices than to gather and act upon information about their private choices
• E)an individual voter has more incentive to examine the performance records of candidates for public office

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Definitions:

One Ace

A reference to having a single ace card in a hand, scenario, or context that is being discussed.

Random Cards

Cards selected without any specific order or pattern, often used in games to ensure fairness.

Topic Sentence

The statement conveying the central concept of a paragraph, often situated at the start.

Volunteering

Offering services or help to individuals or organizations without expecting payment in return.