Determine whether each of the following represents rational ignorance. a. Doug doesnt know the return on his
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a. Doug doesn’t know the return on his retirement account in the last quarter or the types of investments that comprise the account.
b. Sally doesn’t know about a new provision in nuclear energy regulation, which is decided by a national panel overseen by nuclear physicists.
c. Jim doesn’t know whether to support new requirements for licensing among city contractors.
d. Tom doesn’t know the average price of a parking ticket, despite parking on the street every day.
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