If Voters Realize That They Have but a Tiny Possibility

question 53

Multiple Choice

If voters realize that they have but a tiny possibility of influencing public choices,they _____

• A)adopt a stance of rational ignorance.
• B)prefer direct democracy over representative democracy.
• C)engage in rent-seeking activities.
• D)vote with their feet.
• E)tend to understate their true valuation of public goods.

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Definitions:

Optimal Quantity

The amount of a good or service that yields the highest net benefit to producers and consumers, considering costs and benefits.

Marginal Benefit

The surplus happiness or utility experienced from using an extra unit of any good or service.

Public Good

A public good is a good that is non-excludable and non-rivalrous, meaning it can be used by everyone freely without depleting its availability to others.

Nonrivalry

A characteristic of certain goods where the consumption by one individual does not reduce availability to others, often seen in digital or public goods.