Because Information and the Time Required to Acquire and Digest

question 4

Multiple Choice

Because information and the time required to acquire and digest it arescarce,

• 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