Economists Call the Fact That the General Public Has Little

question 9

Multiple Choice

Economists call the fact that the general public has little incentive to become informed about most political issues _____.

• A)rational ignorance
• B)irrational voting
• C)a diminishing political marketplace
• D)cyclical political institutions

Explain the origination and legislative process of taxing and spending bills within Congress.

Understand the concept of agenda setting within the media, including its functions and how it can influence public perception.

Identify and describe the various forms of media and their broad reach.

Explain the significance of framing in the context of media reporting and its impact on public opinion.

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Definitions:

Economy

A framework for creating, distributing, and utilizing goods and services in a specific geographic region.

Economic Growth

A boost in the purchasing power adjusted market value of goods and services an economy creates over time.

Long Run

A period in economics sufficient for all markets to adjust, including production facilities and labor.

Capital

A resource, either financial or physical, that is employed with the aim of generating wealth through investment or production.