All of the Following Statements Regarding Rational Ignorance Are True

question 42

Multiple Choice

All of the following statements regarding rational ignorance are true except

• A)it results when the cost of information exceeds the expected benefit of acquiring the information.
• B)it allows special interest groups to exert political influence.
• C)combined with special interest groups,it yields inefficiency in the provision of public goods.
• D)it leads to an efficient outcome.
• E)it results in voters having little knowledge about issues that have little effect on their economic welfare.

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Definitions:

Hershey

This could refer to Alfred Hershey, a bacteriologist known for the Hershey-Chase experiment which helped to confirm that DNA is the genetic material.

Chase

In molecular biology, refers to the follow-up procedure in a pulse-chase experiment, where the presence and movement of a molecule or compound is tracked over time after initial labeling.

Nucleotides

The basic building blocks of nucleic acids, such as DNA and RNA, consisting of a sugar, a phosphate group, and a nitrogenous base.

Information Storage

The retention of digital or analog information over time for the purpose of retrieval and use in the future.