Look back at Exhibit 2. Suppose that the net benefits and net costs for each person are known a week before election day and that it is legal to buy and sell votes. Furthermore, suppose that neither buying nor selling votes has any conscience cost (i.e., one does not feel guilty buying or selling votes). Would the outcome of the election be the same? Explain your answer.
Macroeconomics
Macroeconomics
Look back at Exhibit 2. Suppose that the net benefits and net costs for each person are known a week before election day and that it is legal to buy and sell votes. Furthermore, suppose that neither buying nor selling votes has any conscience cost (i.e., one does not feel guilty buying or selling votes). Would the outcome of the election be the same? Explain your answer.
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