Why Is a Typical Person Likely to Gather More Information

question 233

Multiple Choice

Why is a typical person likely to gather more information when buying a new car than when voting for a member of Congress?

• A)because a person's preferences are more likely to be met with little effort in the political sphere but this is not the case when buying a car in the private marketplace
• B)because it is less costly to acquire information about consumer items than it is about political candidates
• C)because buying a new car affects a person more immediately and personally compared to voting for a member of Congress; in the latter, a person's vote is only one of many voters and therefore, not likely to have a large impact on the outcome
• D)because the effects of buying a car are long term while a member of Congress has a relatively short tenure

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Definitions:

Gold Ore

A mineral or rock from which gold can be profitably extracted, typically characterized by the presence of gold particles or veins within the rock.

Forests

Large areas covered predominantly with trees and underbrush, playing a critical role in biodiversity and the environment.

Market Rate Of Interest

The prevailing interest rate available in the open market, influencing the cost of borrowing and the return on savings.

Logging Company

A business that specializes in harvesting timber from forests for wood and paper products.