Asked by Nathalie Almonte on Jun 03, 2024
Verified
Public choice theory focuses on the economics of
A) fiscal and monetary policy.
B) the behavior of business firms.
C) antitrust and regulatory policy.
D) government decision making, politics, and elections.
Public Choice Theory
A theory that applies economic principles and methodologies to the analysis of political science, investigating decision-making in public sectors.
Government Decision Making
Involves the processes and actions through which government officials or bodies determine policies, allocate resources, and address public issues.
Fiscal Policy
Changes in government spending and tax collections designed to achieve full employment, price stability, and economic growth; also called discretionary fiscal policy.
- Understand the function and criticisms of public choice economists in the analysis of decision-making within the public sector.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
D
Explanation :
Public choice theory primarily examines how government decisions, politics, and elections influence economic policies and outcomes, integrating economic principles into the analysis of political behavior.
Learning Objectives
- Understand the function and criticisms of public choice economists in the analysis of decision-making within the public sector.