Multiple Choice
Rational ignorance refers to the idea that
A) decision-makers do not understand what it means to be rational.
B) information is costly,so decision-makers normally will act less than perfect information.
C) bureaucrats take advantage of voter ignorance.
D) dollar votes and political votes will lead to different outcomes.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The principle feature of private goods is
Q2: Demerit goods are often<br>A)produced by the government.<br>B)subsidized.<br>C)heavily
Q4: Identify the economic and political functions of
Q6: Rational ignorance is relevant for decision-making<br>A)only in
Q7: A family making $30,000 pays $4,500 in
Q8: A flat tax with an exemption for
Q9: A consumer who buys a product without
Q10: The distribution of tax burdens among various
Q11: The free-rider problem is<br>A)the use of the
Q85: A tax system characterized by a constant