Anthony Downs, in the Economic Theory of Democracy, Argues That

question 1

Multiple Choice

Anthony Downs, in The Economic Theory of Democracy, argues that voters choose to remain "rationally ignorant" when they vote in elections, knowing relatively little about the candidates or the issues.What economic principle would you invoke to explain this behavior?

• A)Public good theory
• B)Moral hazard
• C)The cost of information
• D)Risk aversion

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Definitions:

Independent Samples

Samples that are collected in such a way that the sample values of one group do not affect or influence the sample values of another group.

Matched Pairs

A study design where subjects are paired based on certain characteristics, and each pair differs by the factor being tested.

Test Statistic

A value calculated from sample data used to evaluate the validity of a hypothesis in statistical tests.

Degrees of Freedom

Refers to the count of values in the final calculation of a statistic that are free to vary.