PRINCIPLES OF MICROECONOMICS (OER)
2nd Edition
ISBN: 9781947172340
Author: Timothy Taylor, Steven A. Greenlaw
Publisher: OpenStax
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Textbook Question
Chapter 18, Problem 8RQ
How does rational ignorance discourage voting?
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Briefly explain why the principle that the majority of voters should decide an election outcome may not always make logical sense.
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Chapter 18 Solutions
PRINCIPLES OF MICROECONOMICS (OER)
Ch. 18 - Based on the theory of rational ignorance, what...Ch. 18 - What is the cost of voting in an election?Ch. 18 - What is the main factor preventing a large...Ch. 18 - Why might legislators vote to impose a tariff an...Ch. 18 - True or false: Majority rule can fail to produce a...Ch. 18 - Anastasia, Emma, and Greta are deciding what to do...Ch. 18 - Suppose there is an election for Soft Drink...Ch. 18 - How does rational ignorance discourage voting?Ch. 18 - How can a small special interest group win in a...Ch. 18 - How can pork-barrel spending occur in a situation...
Ch. 18 - Why do legislators vote for spending projects in...Ch. 18 - Why does a voting cycle make it impossible to...Ch. 18 - How does a government agency raise revenue...Ch. 18 - What are some reasons people might find acquiring...Ch. 18 - What are some possible ways to encourage voter...Ch. 18 - Given that rational ignorance discourages some...Ch. 18 - When Microsoft was founded, the company devoted...Ch. 18 - Representatives of competing firms often comprise...Ch. 18 - Special interests do not oppose regulations in all...Ch. 18 - To ensure safety and efficacy, the Food and Drug...Ch. 18 - How is it possible to bear a cost without...Ch. 18 - Is pork-barrel spending always a bad thing? Can...Ch. 18 - The United States currently uses a voting system...Ch. 18 - What are some alternatives to a first past the...Ch. 18 - AT10 million dollar. Lobbying Congress to block...Ch. 18 - Occupy Wall Street was a national (and later...Ch. 18 - Say that the government is considering a ban on...
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Similar questions
- What are some alternatives to a first past the past system that might reduce the problem of voting cycles?arrow_forwardWhat is meant by limited and bundled choice when voting on a bill or candidate?arrow_forwardHow does Arrow's Impossibility Theorem challenge the feasibility of achieving a fair and consistent voting system in economic decision-making?arrow_forward
- What are the pros and cons and constitutionality of voter ID laws?arrow_forwardEvaluate the Citizens United decision. Why did the Supreme Court consider campaign contributions a form of speech?arrow_forwardExplain why according to the theory of rational ignorance, an individual will decide not to participate in the election process (vote).arrow_forward
- Which of the following is true? a. Arrow’s Impossibility Theorem states that There is no voting method that will satisfy a reasonable set of fairness criteria when there are three or candidates. b. Gibbard-Satterthwaite's theorem states that there is a voting method is completely resistant to strategic voting. c. None of the given choices d. May's Theorem states that the majority method will always have a winner.arrow_forwardOutline the median voter theorem and explain its importance to the successful application of a majority voting system.arrow_forwardExplain why majority rule respects the preferencesof the median voter rather than those of the averagevoter.arrow_forward
- Outline the median voter theorem and explain its importance to the successfulapplication of a majority voting system.arrow_forwardPublic Choice theory says that optimal behavior for a politician is to maximize: the nation's welfare their salaries the money they raise O their change to get elected or re-electedarrow_forwardA situation in which society may not be able to rank its preferences consistently through paired-choice majority voting refers to Multiple Choice: A. the median-voter model. B. logrolling. C. the paradox of voting. D. the special-interest effect.arrow_forward
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