Asked by
Adriana Zamora
on Dec 11, 2024Verified
When analyzing public sector decision making, economic theory assumes voters, politicians, and government officials will
A) respond to changes in personal benefits and costs when making public sector choices.
B) always pursue the public interest even when it conflicts with their private interests.
C) generally ignore the personal costs and benefits associated with their choices.
D) make decisions that seek to maximize the amount of benefits created for society as a whole.
Economic Theory
A set of principles and models that explains how economies function, including the distribution of resources and the consumption of goods and services.
Public Sector Decision Making
The process by which government bodies or agencies decide on allotment of resources, policy implementations, and other administrative matters for the public good.
Personal Benefits
The advantages or gains that an individual receives from making certain choices or engaging in specific activities.
- Acquire knowledge of public choice theory's core principles and their implementation in the political process and decision-making by the government.
Verified Answer
JM
Learning Objectives
- Acquire knowledge of public choice theory's core principles and their implementation in the political process and decision-making by the government.