All of the Following Statements Regarding Rational Ignorance Are True

question 42

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)it results in voters having little knowledge about issues that have little effect on their economic welfare.

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Definitions:

MN Blood Types

A blood group system based on the presence or absence of the M and N antigens on the surface of red blood cells.

Hardy Weinberg Principle

A principle that describes how allele and genotype frequencies in a population remain constant from generation to generation in the absence of evolutionary influences.

Antigens

Substances that are recognized by the immune system and can provoke an immune response, typically proteins or polysaccharides found on pathogens.

Dominant Allele

An allele that expresses its phenotype even in the presence of another (recessive) allele.