Simple majority rule can generate inefficient outcomes because It does not register the intensity of voters' preferences. It cannot adjust for special-interest lobbying efforts. It does not adjust for the costs of rational ignorance. People are often misinformed on what it is they are voting on. none of the above
Simple majority rule can generate inefficient outcomes because It does not register the intensity of voters' preferences. It cannot adjust for special-interest lobbying efforts. It does not adjust for the costs of rational ignorance. People are often misinformed on what it is they are voting on. none of the above
Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section22.2: Political Economy
Problem 2QQ
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Simple majority rule can generate inefficient outcomes because
- It does not register the intensity of voters' preferences.
- It cannot adjust for special-interest lobbying efforts.
- It does not adjust for the costs of rational ignorance.
- People are often misinformed on what it is they are voting on.
- none of the above
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