Economists refer to the lack of incentive that voters have to search for and obtain information to help make better political choices as the:
a. shortsightedness effect.
b. public-interest effect.
c. public-interest effect.
d. rational-ignorance effect.

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.