The choice of a voter to remain uninformed because the marginal cost of obtaining information is greater than the marginal benefit from obtaining knowledge is called:
A. irrational ignorance.
B. rational ignorance.
C. collective interest.
D. choice.
Answer: B
Economics
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The two kinds of yields used in the Treasury bill market are the
A) coupon equivalent yield and yield on a discount basis. B) face yield and discount yield. C) nominal yield and real yield. D) yield to maturity and coupon equivalent yield.
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A monopoly is a firm with market power, and market power may arise from economies of scale, patent protection, and innovation.
a. true b. false
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