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:

Collective Unconscious

A concept in Jungian psychology referring to a part of the unconscious mind, shared among beings of the same species, that contains memories and ideas inherited from ancestors.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for concepts like archetypes, the collective unconscious, and synchronicity.

Inferiority Complex

A psychological condition where an individual feels a deep sense of inadequacy and lack of self-esteem, often stemming from real or perceived weaknesses.

Alfred Adler

An Austrian psychiatrist and psychotherapist known for founding the school of individual psychology which emphasizes the importance of feelings of inferiority and the creative self.