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Which of the Following Statements Is TRUE

question 148

Multiple Choice

Which of the following statements is TRUE?
I. Rationally ignorant people may favor price controls because they receive biased information.
II. Rational ignorance may lead voters to have mistaken beliefs about the state of the economy.
III. Rationally informed people can take advantage of the rationally ignorant by supporting policies that transfer wealth from the ignorant to the informed.


Definitions:

Radiation

Energy that is radiated or transmitted in the form of rays, waves, or particles.

Thermometer

An instrument used to measure temperature, often used in medical settings to determine body temperature.

Heat Control

The process of maintaining an appropriate body temperature through physiological mechanisms.

Auscultatory Gap

A period where no sound is heard in the systolic phase during blood pressure measurement, which can lead to an underestimation of systolic pressure.

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