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Rational Ignorance Occurs When People Are Not Knowledgeable of Something

Question 287

Multiple Choice

Rational ignorance occurs when people are not knowledgeable of something because:


A) those people have no incentives to learn anything.
B) the benefits of being informed are less than the cost of becoming informed.
C) they are simply irrational.
D) they are self-centered and lack the ability to learn.

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