Persons who choose not to become informed on political and governmental matters because they feel that the costs of becoming informed exceed the benefits of becoming informed are
A) rationally ignorant.
B) not acting in their own best interests.
C) members of special interest groups.
D) shortsighted.
A
You might also like to view...
Because Treasury bills pay a higher return than money and have no risk
A) the transactions demand for money may be zero. B) the precautionary demand for money may be zero. C) the speculative demand for money may be zero. D) all three of the above motives for holding money will be zero.
According to the text, the relationship between economic growth and the degree of how closed an economy is
A) positive. B) negative. C) constant. D) unstable.
According to official U.S. statistics, the U.S. poverty rate has been approximately ________ percent for the last 40 years.
A. 4 to 13 B. 11 to 15 C. 12 to 20 D. 5 to 18
Which statement is true?
A. Usury laws enable banks to charge higher credit card interest than the price mechanism would allow. B. Usury laws prevent banks from charging higher credit card interest rates that the price mechanism would allow. C. Usury laws have never had any effect on how much interest is charged. D. None of the statements is true.