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:

Legitimate Power

Power derived from a formal position or role in an organization, allowing one to influence others based on authority.

Expert Power

The ability to influence others based on the possession of knowledge, skills, or expertise that is recognized and valued.

Expectation-States Theory

A social theory that explains how individuals' expectations in a group setting influence the dynamics of status and influence within the group.

Status Characteristics

Attributes or qualities that influence an individual's standing or prestige within a social hierarchy, affecting interactions and perceptions.