Gina Smith and Mariel Jones Are Both Running for the Same

question 14

Multiple Choice

Gina Smith and Mariel Jones are both running for the same seat on the town council. Pat Johnson is voting in the town council election. Pat decides to read each candidates one-paragraph statement, but did not attend the town debate to listen to the candidates explain their positions in detail. Which of the following best describes Pat's actions?

• A) Pat displays the special-interest group effect; he figures the extra cost to him of any pet projects of either candidate will be small so he is not concerned.
• B) Pat displays the shortsightedness effect; the long-run benefits of policies will exceed the short-run costs.
• C) Pat is a victim of bureaucratic inefficiency; the candidates failed to provide sufficient information about their positions.
• D) Pat displays rational voter ignorance; the perceived extra effort to be better informed exceeds the marginal benefit of knowing more about the candidates.

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Definitions:

Unique Opportunity

A rare and advantageous situation that is not typically available to everyone, often offering significant potential for growth or benefit.

Crowdfunded Products

Products or projects that are financed by a large number of people contributing small amounts of money, typically via the internet.

Delivered Later

Refers to goods or services that are provided or dispatched to the customer after the initially agreed-upon time.

Investor Model

A representation or plan detailing how an investment will generate returns for investors, outlining the potential risks and rewards associated with the investment.