Which of the Following Statements Is TRUE

question 148

Multiple Choice

Which of the following statements is TRUE?
I. Rationally ignorant people may favor price controls because they receive biased information.
II. Rational ignorance may lead voters to have mistaken beliefs about the state of the economy.
III. Rationally informed people can take advantage of the rationally ignorant by supporting policies that transfer wealth from the ignorant to the informed.

• A) I, II, and III
• B) I and II only
• C) II and III only
• D) I only

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Definitions:

Material Remains

Physical artifacts and evidence left by past societies, often studied in archaeology to understand historical life.

Subfields

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Globalization

The method in which companies or various organizations gain global influence or begin to function at an international level.

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