What is rational ignorance?
What will be an ideal response?
Rational ignorance is the voter's decision not to acquire information about an issue because the marginal cost of doing so exceeds the expected marginal benefit. Thus the voter remains (rationally) ignorant about the issue.
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What do bonds represent?
A. Shares of ownership in a corporation and a guaranteed stream of profits B. Shares of ownership in a corporation and an entitlement to its future profits C. Debt contracts with corporations or governments, and regular interest payments on the loan D. Debt contracts with corporations or governments, and some unspecified interest payments on the loan
Structural unemployment may be particularly severe for
A. younger workers B. college graduates. C. older workers. D. workers with “high tech” skills.