Explain the voter’s information on the candidate’s position on issues.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 6, Problem 1CQ

To determine

Explain the voter’s information on the candidate’s position on issues.

Expert Solution & Answer

Explanation of Solution

The public choice analysis uses the economic methods and tools to analyze political problems in an economy. This is the study of political decision making that affects the formation of government. According to this study, the political decision making in an economy will be directed by the rational ignorance effect. The voters will be uninformed on many issues due to the presence of rational ignorance effect. As a result, such issues will not enter into their decision making process.

Otherwise, if voters have well information about the issues and the positions of candidates, then there is only zero chance of an individual vote to decide the city. Hence, it is very unlikely that voters will be well informed on issues and the positions of candidates.

Economics Concept Introduction

Rational ignorance effect: The rational ignorance effect indicates that the voters choose to remain uninformed. This is because the marginal cost of obtaining information is higher than the marginal benefit from knowing it.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

The accompanying graph shows the short-run demand and cost situation for a price searcher in a market with low barriers to entry. Price (dollars) 24 8 MC ATC MR 30 D 45 50 Quantity/time The firm will maximize its profit at a quantity of units. After choosing the profit maximizing quantity, the firm will charge a price of The firm will receive $ in revenue at the profit-maximizing quantity. The total cost of production for this profit-maximizing quantity is S The maximum profit the firm can earn in this situation is $ per unit for this output. How will the situation change over time? Profits will attract rival firms into the market until the profit-maximizing price falls to the level of per-unit cost. ◇ Losses will induce firms to leave this market until the profit maximizing price falls to zero. The market will adjust until the price charged by this firm no longer exceeds marginal cost at the profit-maximizing quantity. This market is already in long-run equilibrium, and will not…

Explain how are kids well being with the poverty simulation.

Explain in a page essay how people deal with poverty simulation.

Answer 2

Question

Chapter 6, Problem 1CQ

To determine

Explain the voter’s information on the candidate’s position on issues.

Expert Solution & Answer

Explanation of Solution

The public choice analysis uses the economic methods and tools to analyze political problems in an economy. This is the study of political decision making that affects the formation of government. According to this study, the political decision making in an economy will be directed by the rational ignorance effect. The voters will be uninformed on many issues due to the presence of rational ignorance effect. As a result, such issues will not enter into their decision making process.

Otherwise, if voters have well information about the issues and the positions of candidates, then there is only zero chance of an individual vote to decide the city. Hence, it is very unlikely that voters will be well informed on issues and the positions of candidates.

Economics Concept Introduction

Rational ignorance effect: The rational ignorance effect indicates that the voters choose to remain uninformed. This is because the marginal cost of obtaining information is higher than the marginal benefit from knowing it.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 6, Problem 1CQ

To determine

Explain the voter’s information on the candidate’s position on issues.

Expert Solution & Answer

Explanation of Solution

The public choice analysis uses the economic methods and tools to analyze political problems in an economy. This is the study of political decision making that affects the formation of government. According to this study, the political decision making in an economy will be directed by the rational ignorance effect. The voters will be uninformed on many issues due to the presence of rational ignorance effect. As a result, such issues will not enter into their decision making process.

Otherwise, if voters have well information about the issues and the positions of candidates, then there is only zero chance of an individual vote to decide the city. Hence, it is very unlikely that voters will be well informed on issues and the positions of candidates.

Economics Concept Introduction

Rational ignorance effect: The rational ignorance effect indicates that the voters choose to remain uninformed. This is because the marginal cost of obtaining information is higher than the marginal benefit from knowing it.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 6, Problem 1CQ

To determine

Explain the voter’s information on the candidate’s position on issues.

Expert Solution & Answer

Explanation of Solution

The public choice analysis uses the economic methods and tools to analyze political problems in an economy. This is the study of political decision making that affects the formation of government. According to this study, the political decision making in an economy will be directed by the rational ignorance effect. The voters will be uninformed on many issues due to the presence of rational ignorance effect. As a result, such issues will not enter into their decision making process.

Otherwise, if voters have well information about the issues and the positions of candidates, then there is only zero chance of an individual vote to decide the city. Hence, it is very unlikely that voters will be well informed on issues and the positions of candidates.

Economics Concept Introduction

Rational ignorance effect: The rational ignorance effect indicates that the voters choose to remain uninformed. This is because the marginal cost of obtaining information is higher than the marginal benefit from knowing it.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 6, Problem 1CQ

To determine

Explain the voter’s information on the candidate’s position on issues.

Expert Solution & Answer

Explanation of Solution

The public choice analysis uses the economic methods and tools to analyze political problems in an economy. This is the study of political decision making that affects the formation of government. According to this study, the political decision making in an economy will be directed by the rational ignorance effect. The voters will be uninformed on many issues due to the presence of rational ignorance effect. As a result, such issues will not enter into their decision making process.

Otherwise, if voters have well information about the issues and the positions of candidates, then there is only zero chance of an individual vote to decide the city. Hence, it is very unlikely that voters will be well informed on issues and the positions of candidates.

Economics Concept Introduction

Rational ignorance effect: The rational ignorance effect indicates that the voters choose to remain uninformed. This is because the marginal cost of obtaining information is higher than the marginal benefit from knowing it.

Answer 6

Chapter 6, Problem 1CQ

To determine

Explain the voter’s information on the candidate’s position on issues.

Expert Solution & Answer

Explanation of Solution

The public choice analysis uses the economic methods and tools to analyze political problems in an economy. This is the study of political decision making that affects the formation of government. According to this study, the political decision making in an economy will be directed by the rational ignorance effect. The voters will be uninformed on many issues due to the presence of rational ignorance effect. As a result, such issues will not enter into their decision making process.

Otherwise, if voters have well information about the issues and the positions of candidates, then there is only zero chance of an individual vote to decide the city. Hence, it is very unlikely that voters will be well informed on issues and the positions of candidates.

Economics Concept Introduction

Rational ignorance effect: The rational ignorance effect indicates that the voters choose to remain uninformed. This is because the marginal cost of obtaining information is higher than the marginal benefit from knowing it.

Answer 7

Chapter 6, Problem 1CQ

To determine

Explain the voter’s information on the candidate’s position on issues.

Answer 8

Expert Solution & Answer

Explanation of Solution

The public choice analysis uses the economic methods and tools to analyze political problems in an economy. This is the study of political decision making that affects the formation of government. According to this study, the political decision making in an economy will be directed by the rational ignorance effect. The voters will be uninformed on many issues due to the presence of rational ignorance effect. As a result, such issues will not enter into their decision making process.

Otherwise, if voters have well information about the issues and the positions of candidates, then there is only zero chance of an individual vote to decide the city. Hence, it is very unlikely that voters will be well informed on issues and the positions of candidates.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Economics Concept Introduction

Rational ignorance effect: The rational ignorance effect indicates that the voters choose to remain uninformed. This is because the marginal cost of obtaining information is higher than the marginal benefit from knowing it.

Answer 12

Ch. 6 - Prob. 1CQ Ch. 6 - Prob. 2CQ Ch. 6 - Prob. 3CQ Ch. 6 - Prob. 4CQ Ch. 6 - Prob. 5CQ Ch. 6 - Prob. 6CQ Ch. 6 - Prob. 7CQ Ch. 6 - Prob. 8CQ Ch. 6 - Prob. 9CQ Ch. 6 - Prob. 10CQ

Explain the voter’s information on the candidate’s position on issues.

Explain the voter’s information on the candidate’s position on issues.

Explanation of Solution

Want to see more full solutions like this?

Chapter 6 Solutions