It Is Rational for a Voter to Be Ignorant About

question 65

Multiple Choice

It is rational for a voter to be ignorant about an issue unless the

• A) voter is maximizing his or her well-being.
• B) voter is a member of a political party.
• C) issue is on the ballot.
• D) issue has a perceptible effect on the voter's well-being.
• E) voter worries about the tragedy of the free rider.

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Definitions:

Economies Of Scope

Cost advantages that a business experiences by producing a variety of products rather than specializing in a single product or service.

Economies Of Scope

Cost advantages that a business obtains through a variety of products rather than specializing in a single product.

Synergy

The concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts.

Cost Complementarity

Occurs when the cost of producing one good decreases with the increase in production of another good, showing a synergy between the production processes of two goods.