--%>

Consequence of Rational Ignorance

Can someone help me in finding out the right answer from the given options. Being disappointed whenever you finally learn how some desserts are accessible after you have already told the server at a restaurant that you will try the ‘all-you-can-eat’ buffet is the consequence of: (i) Adverse selection. (ii) Moral hazard. (iii) Economic dishonesty. (iv) Blind indifference. (v) Rational ignorance.

   Related Questions in Microeconomics

  • Q : Problem on Agency Shop Agreements Can

    Can someone please help me in finding out the accurate answer from the following question. Needs for all the workers to pay union dues or the equivalent are features of collective bargaining agreements that firms will function: (1) An open shop. (2) A closed shop. (3)

  • Q : Supply of labor in a perfectly

    Supply of the labor in a perfectly competitive market is: (i) An upward sloping curve. (ii) The horizontal line. (iii) Above the MRC. (iv) Beneath the MRC. Choose the right answer from the above options.

  • Q : Problem on Buyers market I have a

    I have a problem in economics on Buyers market. Please help me in the following question. The buyer’s market is a market in which: (1) Queuing to secure goods is very common. (2) The present market price is beneath equilibrium. (3) Quantity dema

  • Q : Effect of higher price for normal good

    Let consider the law of demand. The idea that the higher price for a normal good will outcome in less of good being purchased never based logically on the: (1) Income effect, by which the higher price decreases the purchasing power of the income. (2) Demand for good f

  • Q : Revenue expenditure Why payment of

    Why payment of interest is treated as revenue expenditure? Answer: Since it does not cause any decrease in the liability of government.

  • Q : Annually paying exact amounts by

    Securities annually paying exact amounts forever are: (1) stocks. (2) perennials. (3) royalties. (4) renewals. (5) perpetuities. How can I solve my Economics problem? Please suggest me the correct answer.

  • Q : Equilibrium interest rates on financial

    Equilibrium interest rates on different financial securities tend to be negatively associated to: (1) the time remaining until an asset matures. (2) default, exchange rate, and interest rate riskiness of an asset. (3) liquidity. (4) savers’ time

  • Q : Determine when demand for product is

    The demand for Robot Butlers (i.e., termed as “Robotlers”), that is unitarily elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

    Q : Distribution of Income before taxes and

    Income is distributed before taxes and transfers in the United States such as, in 2003 year, the lowest quintile [20%] earned around: (w) 4% of all income and the highest quintile earned over half of all income. (x) 5% as much as the highest quintile.

  • Q : Externalities or public goods in purely

    A purely competitive economy along with no externalities or public goods tends to be efficient since: (1) firms try to act socially responsible. (2) government planners specify the best allocation. (3) all prices approximate marginal social benefits a