Rational Ignorance Is the Decision NOT to

question 59

Multiple Choice

Rational ignorance is the decision NOT to

• A) acquire information because the marginal cost of doing so equals the expected marginal benefit.
• B) follow the principle of minimum differentiation.
• C) acquire information because the marginal cost of doing so exceeds the expected marginal benefit.
• D) acquire information because the marginal benefit of doing so exceeds the marginal cost.
• E) vote in elections.

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Definitions:

Hadal Zone

The Hadal Zone refers to the deepest regions of the ocean, typically found in oceanic trenches, and ranges in depth from about 6,000 to 11,000 meters.

Benthic Environment

The ecological region at the lowest level of a body of water such as an ocean or a lake, including the sediment surface and some sub-surface layers.

Tropical Dry Forests

Ecosystems found in tropical regions characterized by a distinct dry season, supporting diverse plant and animal life adapted to arid conditions.

Marsupials

Marsupials are a group of mammals that typically carry and nurse their young in a pouch, such as kangaroos and koalas.