Voters Will Gather Information on Voting Alternatives

question 25

Multiple Choice

Voters will gather information on voting alternatives:

• A)​when the cost of acquiring such information is exorbitantly high.
• B)​as long as the marginal benefit to them of acquiring additional information exceeds the marginal cost to them.
• C)​as long as the marginal benefit to them of the information is less than the marginal cost to them of gathering the information.
• D)​because the welfare of the community is always perceived to be more important than the welfare of the individual.

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Definitions:

Sodium

A chemical element (Na) that is essential for human health, notably in the regulation of fluids and blood pressure.

ADH

Antidiuretic Hormone, also known as vasopressin; a hormone released by the pituitary gland that regulates water balance in the body by reducing urine output.

Collecting Duct

Part of the nephron in the kidney that is responsible for the concentration of urine and the reabsorption of water into the bloodstream.

Malpighian Tubules

Excretory structures found in some insects that remove waste products from the body and maintain osmotic balance.