Public Choice Theory Predicts That

question 46

Multiple Choice

Public choice theory predicts that

• A)voters are fully informed about the effects of policies.
• B)voters are rationally ignorant.
• C)governments make choices that achieve an efficient provision of public goods.
• D)votes are based on reality,not perceptions.
• E)votes are based on lobbyists' viewpoints.

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Definitions:

Per Capita Income

This is the average income earned per person in a given area in a specified year.

Developing Nations

Countries that are in the process of industrialization and have lower per capita income levels compared to developed countries.

Annual Revenues

The total amount of income generated by a business or organization from its activities over the course of a year.

Wal-Mart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.