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Economics > Chapter 21 > Flashcards

Chapter 21 Flashcards

1
Q

Rational Ignorances

A

when the benefits of being informed are less than the cost of being informed

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2
Q

Public Choice

A

the study of political behavior using tools of economics

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3
Q

Why do people vote

A

emotion, to cheer for their team

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4
Q

Median Voter Therom

A

when voters vote for the policy that is closest to their ideal point of line

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Economics (18 decks)

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