- Which of the following is a form of rational ignorance on the part of the voters?Check all that apply.

1. In most cases, the views of the candidates on issues are generally the same.
2. Voters realize that the probability that their vote will decide the election is very low.
3. Voters, even when they are well organized, have very little incentive to seek favors from the government
4. The cost of casting an informed vote is greater than the expected benefits.

- Complete the following statement. Public choice analysis involves

1. an application of economics to the operation of the political process
2. the study of corporations and their competitive strategies
3. study of the principles of economics and how economic principles apply to business

- Read the following scenario and then answer the question below.

In a small state named Politix, Corporation X has just bribed local officials in order to "win" a large contract. Which of the following apply to this scenario?Check all that apply.

1. This is an example of government inefficiency.
2. This is an example of logrolling.
3. This is an example of rent-seeking.
4. By taking bribes, the local officials are ensuring that the most efficient corporation is receiving the contract.

- Assume you are discussing the economics of the political process with your classmate. Evaluate the following statement made by your classmate.

Ana believes that even when the "right people" are elected to political positions, government efficiency may not much improve, due to pork-barrel legislation. Is she correct?

• Yes
• No