Is there a performance penalty for using an overly broad selector?

Is there a performance penalty for using an overly broad selector?

I just tried using a specific selector but after ~30 attempts gave up and used a broad selector.

In the wrong context the functionality of the selector won't hurt anything. But the right context is maybe 1 out of 100 of the elements selected.

Do I pay a performance penalty for this? It's something very broad like:

$(document).on("click", "li", function() { $("[blocked]").removeClass("ui-disabled"); } );

Where li is the selector I am concerned about being too broad. There are maybe 200 li's on the page.