Question

In advance of the election for 2016 Cobb County Sheriff, Alex and Scott are discussing the different candidates. Scott states: “I haven’t really researched the positions and backgrounds of the two people running. In order to do so properly I would have to invest a great deal of time, and, after all, the chance of my vote deciding the election is very small and I don’t think things will be very different for me regardless of who wins.” His statement is most closely related to the issue of

Question 7 options:

	1) capital flight
	2) rational ignorance
	3) regulatory capture
	4) kleptocracy

Answer 1

Answer: Rational Ignorance.
Reason: His statement is most closely related to the issue of rational ignorance in which the person in question deliberately tries not acquiring a specific and certain piece of information (like knowledge about election candidates) because this activity of acquiring information would cost him (waste a great deal of his time) more than the benefit he will get from acquiring the information ( the influence of his vote). Hence, the person thinks it is rational to remain ignorant after all like Scott here.
While other terms like
Capital flight refers to the situation when huge amount of capital move out of economy.
regulatory capture refers to the situation when a public authority instead of working for public interest for which it was set up caters to the needs of certain specific lobby of people/ interest groups.
Kleptocracy refers to type of government which includes leaders who are vastly corrupted and are only interested in exploiting the wealth of the nation for their own good.