According to public choice theory, people do not always make informed choices because:
A) the incentives to become informed are low as compared with the costs of being informed.
B) they are ignorant by nature.
C) they are irrational, so their decisions are not predictable.
D) they believe making informed choices are the tasks only for the government.
Correct Answer:
Verified
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A) lack of
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Q37: Rational ignorance in voting comes from:
A) externalities
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Q39: In which of the following decisions is
Q40: Rational ignorance occurs when people are not
Q41: Suppose the government is considering a proposal
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