Individuals are rationally ignorant about the wealth implica

Individuals are rationally ignorant about the wealth implications of government activities because the cost of acquiring such information is high and the private benefit is low. True False

Solution

Answer- It is true So,Rational ignorance concerning the normal commons outcomes in irrationalities so financial regulations are choice in conformity with implement at the political selection building process. There is certain a thing as much absurd of rational or environment friendly regulation. This paper aims in accordance with explore the opportunity or impossibility about arguable system are mentioned out of the perspectives of community preference economics, economics regarding property rights, current institutional political economy or constitutional economics.