The Concept of Rational Ignorance Is Defined as

question 132

Multiple Choice

The concept of rational ignorance is defined as

• A) the decision not to acquire knowledge because of high marginal cost.
• B) the deceit by bureaucrats who fool politicians in order to maximize their budgets.
• C) politicians not telling the voters the real truth to stay in office.
• D) voters being kept from knowing the facts by bureaucrats.
• E) bureaucrats not knowing the size of their budget.

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Definitions:

Hydrothermal Rock

A rock that precipitated directly from hot water, either at depth or on the surface.

Metamorphic Rock

A rock changed in the solid state by temperature, pressure, deformation, or chemical reactions that modified a preexisting rock.

Magma

Molten rock, which may or may not contain some crystals, solidified rock, and gas.

Hydrothermal Rock

Rock formed from the alteration of pre-existing rock by mineral-rich hot water.