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:

Peach Canners

Peach canners are production facilities or workers involved in preserving peaches by canning them, which involves processing, sealing in an airtight container, and sterilizing to extend shelf life.

Market Efficiency

The extent to which market prices fully reflect all available information, making it impossible to consistently achieve higher returns.

Emissions

The release or discharge of substances (like gases or pollutants) into the environment, often from industrial or vehicular sources.

Harm

Refers to damage or injury that negatively affects someone or something in a physical, psychological, or financial manner.