Despite the Fact That Most Votes Have Virtually No Impact

question 56

Multiple Choice

Despite the fact that most votes have virtually no impact on the outcome of a vote,and knowing people incur opportunity costs to vote,we recognize that people must vote because:

• A)they feel pressure to fulfill their civic duty.
• B)they altruistically decide to contribute to the democratic process by voting.
• C)they get utility from participating in a civic event.
• D)All of these are true.

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Definitions:

Standard Deviation

A statistical measure representing the dispersion or variability around the mean (average) of a set of data points.

Annual Returns

The percentage change in an investment's value over a one-year period, including both capital gains and dividends, used to assess its performance.

Real Rate

The interest rate adjusted for inflation, representing the true cost of borrowing.

Inflation

The increase rate in the general price tag for goods and services, eroding financial capacity.