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What is the main factor preventing a large commun…

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Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 Problem 7 Problem 8 Problem 9 Problem 10 Problem 11 Problem 12 Problem 13 Problem 14 Problem 15 Problem 16 Problem 17 Problem 18 Problem 19 Problem 20 Problem 21 Problem 22 Problem 23 Problem 24 Problem 25 Problem 26 Problem 27

Problem 2 Easy Difficulty

What is the cost of voting in an election?

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Principles of Microeconomics for AP® Courses

Chapter 18

Public Economy

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Video Transcript

when we're talking about the costs of voting in an election, it doesn't necessarily have to be cost that you pay to vote. But things that are associated with voting one of those could be how much you have to pay for transportation. So transportation costs and these costs don't even have to be monetary. Um, you know, you have to give something up in order to vote. One of those things could be time, and this time could be split between time. It actually takes to vote slash, get to the voting pool and time it takes to, ah, learn and become informed. And now you have some these air, your explicit costs. So these over here are your explicit costs. But you have some implicit costs to when you're voting or you aren't, um, or you're learning how, how, what the policies of these different politicians are that you're voting on? Um, you have to ah, spend time, right? So you spend this time and this time could be used to work. So you're giving up the money that you could be spending working or that stuff or you could be, ah, doing something else. So there's just an opportunity cost associated with this time you could be watching TV or hang out with friends or watching a movie. Um, there's so many other things that you could have done spending this time. So those are just a few examples of, um, the

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Steven A. Greenlaw, David Shapiro, Timothy Taylor

Principles of Microeconomics for AP® Courses

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