Suppose Congress passes a law that states that the federal government will pay $100 to any American citizen who can pass a (reasonably simple) current political events test. It follows that
A) this raises the benefits of being rationally ignorant.
B) this raises the benefits of becoming informed and therefore will lower the degree of rational ignorance in society.
C) this raises the costs of being rationally ignorant.
D) b and c
E) none of the above
D
You might also like to view...
Economic growth appears on a production possibilities curve as
A) the curve shifting out away from the origin. B) the curve shifting in toward the origin. C) a change in the slope of the curve. D) the points outside the production possibilities curve.
If Bobby thinks that leisure is an inferior good, then his labor supply curve
A) is backward bending. B) is always negatively sloped. C) is always positively sloped. D) does not exist.
An activity performed by commercial banks that is not performed by insurance companies is
A) functioning as financial intermediaries. B) creating financial obligations against themselves. C) accepting deposits and offering checking accounts. D) allocating financial resources between borrowers and lenders.
In the global recession of 2007-2009, world trade declined because nations closed their markets to trading partners
Indicate whether the statement is true or false