The Assumption That the Goal of Government Is to Maximize

question 156

Multiple Choice

The assumption that the goal of government is to maximize welfare by seeking an efficient allocation of resources is characteristic of the _______ approach to studying public sector choice.

• A) federal budget studies
• B) government spending theory
• C) public choice theory
• D) public interest theory

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Definitions:

Liabilities

Financial obligations or debts of a business entity that are owed to third parties.

Contingent Liability

A potential financial obligation that may occur in the future, depending on the outcome of a specific event.

Future Technologies

Emerging or anticipated technology advancements with the potential to significantly alter industries or societies.

Natural Disasters

Natural disasters are severe and unexpected events caused by environmental factors that can cause significant damage and loss of life.