A Key Assumption of Public Choice Economics Is That Government

question 67

Multiple Choice

A key assumption of public choice economics is that government officials are:

• A) not rational.
• B) not influenced by incentives.
• C) rational and respond to incentives.
• D) trying to do only what is best for society.

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Definitions:

Problem Solvers

Individuals or groups skilled in identifying, analyzing, and finding solutions for complex issues or challenges.

Performance Threats

External or internal factors that could negatively affect the performance or success of an individual or organization.

Information Gathering

The process of collecting data from various sources to analyze situations, make decisions, or increase understanding of a topic.

Performance Threats

Performance threats refer to potential or actual obstacles that can impair the effectiveness and efficiency of an individual's or organization's ability to meet objectives.