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8 Nov 2021
Problem 14
Page 439
Section: CRITICAL THINKING QUESTIONS
Chapter 18: Public Economy
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8 Nov 2021
Introduction
The term "rational ignorance" refers to the deliberate decision to remain ignorant about a topic because the expense of learning the information outweighs the projected possible benefits. It is logical to be uninformed when the expense of getting information exceeds the advantages obtained from the knowledge and implication.
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