On What Basis Did Anthony Downs Consider the Decision Not

question 50

Multiple Choice

On what basis did Anthony Downs consider the decision not to vote a "rational one"?

• A)financial cost and physical effort
• B)time commitment and intellectual effort
• C)intellectual effort and financial cost
• D)physical effort and time commitment

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Definitions:

Marginal Cost

The incremental cost of producing an extra unit of a good or service.

Rivalry

(1) The characteristic of a private good, the consumption of which by one party excludes other parties from obtaining the benefit; (2) the attempt by one firm to gain strategic advantage over another firm to enhance market share or profit.

Excludability

The characteristic of a private good, for which the seller can keep nonbuyers from obtaining the good.

Private Good

A good, or service that is individually consumed and that can be profitably provided by privately owned firms because they can exclude nonpayers from receiving the benefits.