The Marginal Benefit of Additional Information

question 167

Multiple Choice

The marginal benefit of additional information

• A) rises as more information is collected.
• B) is independent of the size of the expenditure.
• C) tends to be smaller for expensive items,such as a car.
• D) is constant.
• E) falls as more information is collected.

---

Definitions:

Market Regulations

Rules and directives imposed by governments to control the way markets operate, often intended to promote fair competition, protect consumers, and prevent market failures.

Political Map

A type of map that shows governmental boundaries of countries, states, and counties, important cities, and major bodies of water primarily focused on the political features.

Democratic Strongholds

Regions or areas where the Democratic Party has sustained majority support or dominance, often over extended periods.

Electoral College

The body of electors established by the Constitution of the United States, responsible for electing the president and vice president.