All of the Following Statements Regarding Rational Ignorance Are True

question 73

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)none of the above.

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Definitions:

Bone Marrow

A soft, spongy tissue found inside bones, responsible for the production of blood cells.

Lipoproteins

Complex particles composed of lipids and proteins that transport fats through the bloodstream.

VLDL

Very Low-Density Lipoprotein, a type of lipoprotein that carries triglycerides from the liver to tissues in the body.

LDL

Low-density lipoprotein, often called "bad" cholesterol, associated with increased risk of heart disease.