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Match Each of the Following Terms with Its Correct Definition

question 84

Multiple Choice

Match each of the following terms with its correct definition.
-Armpit


Definitions:

Sound Policy

A policy that is well-founded, practical, and likely to produce desired outcomes, often based on evidence and rational analysis.

Rational-Ignorance Effect

The decision by individuals to remain uninformed about an issue because the perceived cost of acquiring the knowledge outweighs the expected benefits.

Externalities

Externalities are consequences of an economic activity experienced by unrelated third parties; they can be either positive (benefits) or negative (costs).

News Media

Organizations and platforms that gather, produce, and distribute news and information to the public.

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