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:

Formal Channels

Official paths for communication within an organization, typically outlined in its structure and procedures.

Chain of Command

A hierarchical structure of authority in an organization, where orders flow downward and accountability flows upward.

Supportive Communication Principles

involve guidelines for interacting in ways that create a positive environment, fostering open, constructive, and empathetic dialogue.

Communication Barriers

Obstacles that impede the flow of information between communicators, which can lead to misunderstandings or failure to convey messages effectively.