Which of the following best explains the term rational ignorance?
A) It is the decision to search for and acquire information only if there is enough time.
B) It is the decision to stay uninformed on certain topics because of the prohibitive cost of gathering information.
C) It is the decision to ignore free information that is vital in making the correct decision.
D) It is the rational weighing of costs versus benefits.
Correct Answer:
Verified
Q26: It is rational to be ignorant when:
A)
Q27: People who spend more time and effort
Q28: If the costs of informing oneself are
Q29: Let's check on whether you are rationally
Q30: Why do you think voters choose to
Q32: Which of the following statements seems to
Q33: Rational ignorance can not be seen in
Q34: Rational ignorance refers to the:
A) lack of
Q35: Let's check on whether you are rationally
Q36: According to public choice theory, people do
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