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Select the choices where the decision maker is rationally ignorant. An employer is deciding between two potential temporary employees for a short-term position. Knowing from past experience that it is difficult to predict the quality of a potential employee in advance, the employer flips a coin to decide which employee to hire instead of paying for a background check. After more than 40 years in the same job, Taylor knows it is unneccessary to learn how to use a computer. Tax evasion is very high in a country. The revenue and tax department finds it very profitable to investigate a small percentage of potential tax evaders. The PPACA Act, at 906 pages, was passed before legislators had an opportunity to read it. When hiring a plumber, Donnie always looks up ratings on several online services. The U.S. Constitution is adpoted, finally, in 1790 after the 13th state, Rhode Island, signs it. This is a couple years after the other states. A rider in a school bond election passes, then becomes a controversy when the local newspaper reports details.

Select the choices where the decision maker is rationally ignorant. An employer is deciding between two potential temporary employees for a short-term position. Knowing from past experience that it is difficult to predict the quality of a potential employee in advance, the employer flips a coin to decide which employee to hire instead of paying for a background check. After more than 40 years in the same job, Taylor knows it is unneccessary to learn how to use a computer. Tax evasion is very high in a country. The revenue and tax department finds it very profitable to investigate a small percentage of potential tax evaders. The PPACA Act, at 906 pages, was passed before legislators had an opportunity to read it. When hiring a plumber, Donnie always looks up ratings on several online services. The U.S. Constitution is adpoted, finally, in 1790 after the 13th state, Rhode Island, signs it. This is a couple years after the other states. A rider in a school bond election passes, then becomes a controversy when the local newspaper reports details.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Select the choices where the decision maker is rationally ignorant. An employer is deciding between two potential temporary employees for a short-term position. Knowing from past experience that it is difficult to predict the quality of a potential employee in advance, the employer flips a coin to decide which employee to hire instead of paying for a background check. After more than 40 years in the same job, Taylor knows it is unneccessary to learn how to use a computer. Tax evasion is very high in a country. The revenue and tax department finds it very profitable to investigate a small percentage of potential tax evaders. The PPACA Act, at 906 pages, was passed before legislators had an opportunity to read it. When hiring a plumber, Donnie always looks up ratings on several online services. The U.S. Constitution is adpoted, finally, in 1790 after the 13th state, Rhode Island, signs it. This is a couple years after the other states. O A rider in a school bond election passes, then becomes a controversy when the local newspaper reports details.
Transcribed Image Text:Select the choices where the decision maker is rationally ignorant. An employer is deciding between two potential temporary employees for a short-term position. Knowing from past experience that it is difficult to predict the quality of a potential employee in advance, the employer flips a coin to decide which employee to hire instead of paying for a background check. After more than 40 years in the same job, Taylor knows it is unneccessary to learn how to use a computer. Tax evasion is very high in a country. The revenue and tax department finds it very profitable to investigate a small percentage of potential tax evaders. The PPACA Act, at 906 pages, was passed before legislators had an opportunity to read it. When hiring a plumber, Donnie always looks up ratings on several online services. The U.S. Constitution is adpoted, finally, in 1790 after the 13th state, Rhode Island, signs it. This is a couple years after the other states. O A rider in a school bond election passes, then becomes a controversy when the local newspaper reports details.
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