All of the following statements regarding rational ignorance are true except
a) combined with special interest groups, it yields inefficiency in the provision of public goods
b) it allows special interest groups to exert political influence
c) it leads to an efficient outcome
d) none of the above
Ans: c) it leads to an efficient outcome
Economics
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Dumping occurs when a foreign firm sells its exports at a lower price than it costs to produce them
Indicate whether the statement is true or false
Economics
A rational individual would be indifferent between ________ today and ________ four years from today if the interest is 20 percent
A) $100, $100 B) $48, $100 C) $30, $100 D) $100, $48
Economics