In Addition to the Time and Effort Involved, What Other

question 22

Multiple Choice

In addition to the time and effort involved, what other factor is cited by many experts when arguing for the rationality of not voting?

• A)the small chance any one person's vote will be decisive in any election
• B)the divisiveness of many political campaigns today
• C)the level of "noise" in the message of politicians who seek office
• D)the overall level of distrust and the potential for abusing the public interest

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Definitions:

Opportunity Cost

The value of the best alternative forgone, where a choice needs to be made between several mutually exclusive alternatives under conditions of scarcity.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to beneficial social outcomes.

Market Behavior

Refers to the aggregate actions and reactions of buyers and sellers in a marketplace, influencing prices, supply, and demand.

Trade

The exchange of goods, services, or both between two or more parties, often internationally or domestically to mutual advantage.