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
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A. F.
B. G.
C. H.
D. I.
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A. the expenditures schedule increases. B. the expenditures schedule decreases. C. there is a corresponding increase along the aggregate demand curve. D. there is a corresponding decrease along the aggregate demand curve.
How did the global supply of savings impact the formation of the housing bubble?
What will be an ideal response?
In economics, the term production function refers to the relationship between ______.
a. value of inputs and value of outputs b. marginal product and marginal costs c. quantity of inputs and quantity of outputs d. economic profits and accounting profits