The answer is b. knowledge
Answer:
D) rational ignorance is higher in the situation of concentrated benefits and diffuse costs.
Explanation:
When public policies have clear benefits is easier for the politician to promote their implementation regardless of the related costs. Usually, the costs are difficult to grasp by the public because they are diffuse: affect in different level a wide variety of stakeholders; the cost is materialized in the long-term; the cost is exogenous to public preferences (environmental consequences in a population not worried about environmental issues)
Something like a broken AC unit can cost a lot of money to replace and can come up very unexpectedly but if you have money saved for emergencies then you won’t go into debt while paying for this therefore you won’t be as financially devastated.
Answer:
Young drivers are inexperienced.
Explanation:
