Asked by Sarah Elizabeth on Jun 14, 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
An economic theory that studies how public sector decisions are made, considering individuals in the public sector as self-interested agents and applying the tools of economics to political science.
Government Decision Making
The process by which governments choose between different policies, actions, or strategies to address specific public issues or problems.
- Scrutinize the basic concepts of public choice theory and how they influence decision-making within governments, politics, and electoral activities.
Verified Answer
TM
Tooba MustafaJun 15, 2024
Final Answer :
D
Explanation :
Public choice theory focuses specifically on the economic analysis of government decision making, politics, and elections. It examines how individuals and groups within the government may act in their own self-interest, rather than the interest of the public, which can result in inefficient or ineffective policies.
Learning Objectives
- Scrutinize the basic concepts of public choice theory and how they influence decision-making within governments, politics, and electoral activities.