Rational Ignorance Is

question 86

Multiple Choice

Rational ignorance is

• A) a result of our educational system.
• B) the curtain,or wall,of knowledge between the persons that are educated and those that are not.
• C) the curtain behind which people choose to hide to avoid knowledge about poverty and,in general,the unequal distribution of income.
• D) the curtain separating educated voters from uneducated voters.
• E) none of the above

---

Definitions:

Initial Recognition

The first accounting entry for an asset or liability, marking its introduction in the financial statements at its fair value.

Financier Lessor

An entity engaged in the business of leasing out assets, typically providing the finance to purchase the asset which is then leased to the user.

Lease Receivable

An asset representing the right to receive future lease payments from lessees under lease agreements, reflecting the value of the asset leased out.

Operating Leases

Leases in which the lessee obtains the right to use an asset for a short period of time, without assuming the risks and rewards of ownership.