Economics (McConnell) AP Edition, 19th Edition

Chapter 17: Asymmetric Information, Voting, and Public Choice

After reading this chapter, you should be able to:

1. Describe how information failures may justify government intervention in some markets.
2. Explain the difficulties of conveying economic preferences through majority voting.
3. Discuss "government failure" and explain why it happens.

AP Chapter 17 Introduction (7.0K)