Rational Ignorance Refers to Voter-Citizens Choosing to Be Uninformed About

question 45

Multiple Choice

Rational ignorance refers to voter-citizens choosing to be uninformed about politics and government on an individual basis because

• A) of apathy.
• B) of ignorance.
• C) of laziness.
• D) they believe the benefits of becoming informed are greater than the costs.
• E) they believe the benefits of becoming informed are less than the costs.

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Definitions:

Offset Account

A bank account that reduces the amount of interest payable on a loan by the amount held in the account.

Short-Term Investments

Investments that can easily be converted into cash, typically within a year.

Balance Sheet

This document outlines the resources, debts, and equity of the investors of a business on a certain date.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.