If Voters Are Rationally Ignorant, Then the Interest of the Bureaucracy

question 101

True/False

If voters are rationally ignorant, then the interest of the bureaucracy to maximize its budget will result in an oversupply of a public good.

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Definitions:

Import Quotas

Limits set by a government on the quantity or value of certain goods that can be imported into a country.

Domestic Producers

Companies or individuals that produce goods and services within their own country.

Government

Government is the organized system or institution that governs and implements decisions, laws, and policies in a nation, state, or community.

International Trade

International trade refers to the exchange of goods, services, and capital across international borders or territories, driven by the concept of comparative advantage.