Chapter 18: Problem 16
Given that rational ignorance discourages some people from becoming informed about elections, is it necessarily a good idea to encourage greater voter turnout? Why or why not?
Chapter 18: Problem 16
Given that rational ignorance discourages some people from becoming informed about elections, is it necessarily a good idea to encourage greater voter turnout? Why or why not?
All the tools & learning materials you need for study success - in one app.
Get started for freeWhat is the cost of voting in an election?
To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that pharmacies are allowed to sell in the United States. Sometimes this means a company must test a drug for years before it can reach the market. We can easily identify the winners in this system as those who are protected from unsafe drugs that might otherwise harm them. Who are the more anonymous losers who suffer from strict medical regulations?
Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by \(\$ 200\) from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them \(\$ 5\) million each. What are the proposed policy's total costs and benefits? Do you think it will pass?
Why might legislators vote to impose a tariff on Egyptian cotton, when consumers in their districts would benefit from its availability?
Based on the theory of rational ignorance, what should we expect to happen to voter turnout as the internet makes information easier to obtain?
What do you think about this solution?
We value your feedback to improve our textbook solutions.