Why Is Rational Ignorance Important from an Economic Standpoint

question 221

Multiple Choice

Why is rational ignorance important from an economic standpoint?
I. Voters might not make informed choices.
II. Voters will make decisions based on incorrect or incomplete information.
III. Special interest groups may control economic outcomes if they are the only ones who are not rationally ignorant.

• A) I only
• B) I and II only
• C) II and III only
• D) I, II, and III

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