Which of the following is an example of rational ignorance?
A) Glenda chooses to purchase a new CD at the store 1 mile from her home instead of driving all over town to see if she can find a lower price.
B) Bob chooses not to vote since his vote will never swing the outcome of an election.
C) ABC Corporation chooses to hire local workers instead of outsourcing jobs to another country.
D) Jane decides not to study for her test tomorrow even though studying could raise her grade significantly.
Correct Answer:
Verified
Q1: What is a reason why markets should
Q2: Of the following, which is the smallest
Q4: In The Distinguished Gentleman, Eddie Murphy plays
Q5: Public choice is a field of study
Q6: Why do some voters choose to be
Q7: Which of the following is the largest
Q8: Public choice is the study of:
A) how
Q9: Rational ignorance is when:
A) full information is
Q10: Ignorance is
A) rational only in extreme cases.
B)
Q11: An abstract from a recent economics paper
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