If Voters Are Rationally Ignorant,the Quantity of National Defence Provided

question 51

Multiple Choice

If voters are rationally ignorant,the quantity of national defence provided by the government will be

• A)greater than the efficient quantity.
• B)less than the efficient quantity.
• C)the least costly quantity.
• D)the quantity that maximizes the budget of the Department of National Defence.
• E)both A and D are correct.

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Definitions:

Subject To

Conditional upon or dependent on something else; can indicate subjection to legal restrictions or conditions.

Personally Liable

Refers to the responsibility of an individual to cover debts or legal judgments out of their own assets.

Mortgage

A legal agreement in which property is used as collateral for the repayment of a loan.

Right of Contribution

The right that allows a party who has paid more than their share of a joint obligation to recover the excess paid from other parties responsible for the obligation.