Examlex
____ are characteristics that describe the object.
Budget Surpluses
The situation in which a government's revenues exceed its expenditures during a specific period of time, allowing for savings or debt reduction.
Public Choice Analysis
The study of political behavior using methods and principles of economics, focusing on the self-interest motives of participants and the impact of their behavior on public policy.
Rational Personal Choice
The decision-making process by individuals that results in the optimal level of benefit or utility for the individual, based on personal preferences and available information.
Personal Benefit
The advantage or gain that an individual receives from making a decision or undertaking an action.
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