Asked by Rafael Sanchez on May 28, 2024

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Public choice economists contend public bureaucracies are inefficient primarily because

A) the value of public goods is more easily measured than is the value of private goods.
B) of the absence of competitive market pressures.
C) public sector workers are more security-conscious than are private sector workers.
D) relatively low pay in government attracts workers of lesser quality.

Public Bureaucracies

Complex structures in government that manage policies and administer public services through a fixed set of rules and procedures.

Competitive Market Pressures

Forces within a free market that influence companies to improve products, lower prices, and become more efficient to stay competitive.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's use does not diminish another's.

  • Apprehend the notion and outcomes of public choice theory.
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LK
Laksh KingraniJun 03, 2024
Final Answer :
B
Explanation :
Public choice economists argue that public bureaucracies are inefficient mainly due to the lack of competitive market pressures, which in the private sector drive efficiency and innovation.