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.

Economics

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

Economics