Which of the following best explains the term rationalignorance?
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.(True
Answer ) Correct
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
Q8: Studying politics doesn't pay because the outcome:
A)
Q14: Rational ignorance refers to the:
A)lack of incentive
Q15: Ignorance is rational when the benefits of
Q16: Which of the following would be the
Q17: Economists say that voters are rationally ignorant
Q18: People who spend more time and effort
Q21: Sugar quotas:
A)are not an issue in the
Q22: Which of the following statements is NOT
Q24: Why are special interest groups so powerful?
A)Because
Q104: When government makes it possible to externalize
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents