The Text States, "Given That Few Voters Are Well Informed

question 65

Essay

The text states, "Given that few voters are well informed about public policy or inclined to learn, candidates do not win elections by trying to educate the electorate or making complex promises." Does this mean that issues do not matter for voters in elections? How do voters determine for whom they are going to vote? Make sure to make specific reference to political science concepts discussed in the text in your answer.

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Definitions:

Optimal Output

The level of production that maximizes a firm's profit, or the most efficient allocation of resources in producing a good or service.

Price to Clear

The price to clear is the market price at which the quantity supplied equals the quantity demanded, thereby clearing the market without leaving surplus or shortage.

Perfectly Competitive Industry

A Perfectly Competitive Industry is characterized by many sellers and buyers, free entry and exit, and a product that is identical across suppliers, leading to no single entity having market control.

Marginal Cost

The additional cost of producing one extra unit of a good or service.