Rational Ignorance Refers to ______

question 57

Multiple Choice

Rational ignorance refers to ______.

• A) the belief that a lack of tolerance may be acceptable under certain circumstances
• B) the state of being uninformed about politics because the cost in time and energy does not produce tangible or measurable results
• C) voters realizing that they do not understand most political issues
• D) the realization that politics is unimportant and has little impact on our lives, and thus, there is no need to participate
• E) a person's desire to vote but not to become informed

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Definitions:

Retirement Income

Income that a person receives after retiring from active employment, which can include pensions, Social Security benefits, and returns from investments.

Perpetual Scholarship

A scholarship grant maintained indefinitely, often funded by an endowment that generates interest to cover its cost.

Compounded Annually

An interest calculation method where the interest is added to the principal at the end of each year, with the total becoming the principal for the next year.

Compounded Annually

A method where interest is calculated once per year and added to the principal sum.