A Public Choice Theorist Would Be Most Likely to Say

question 107

Multiple Choice

A public choice theorist would be most likely to say that government failure is a consequence of the

• A) actions of selfish and corrupt politicians.
• B) rational behavior of the participants of the political process.
• C) irrational behavior of voters.
• D) irrational behavior of special interest groups.

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform international sales law.

Fix An Additional Period

Fixing an additional period involves granting an extension of time for the performance of an obligation or completion of a task.

Insolvent

Insolvent is a financial term used to describe a situation where an individual or entity is unable to meet their debt obligations due to insufficient assets.

Reclaim

To retrieve or recover something that was previously lost, surrendered, or discarded.