Public Choice Theory Indicates That the Behavior of People in Government

question 178

Multiple Choice

Public choice theory indicates that the behavior of people in government

• A) differs from the behavior of people in the private sector because they are motivated by the public interest rather than their own personal self-interest.
• B) differs from the behavior of people in the private sector because public sector decision roles do not allow people to pursue their own self-interests.
• C) is the same as people in the private sector only if decisions are made by majority vote.
• D) is best understood by applying the same principles we use to predict the behavior of people in the private sector.

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Definitions:

Predictability

The ability to accurately foresee or predict future events or behaviors based on current or past information.

Self-Interest

The consideration of one's own personal benefit or advantage, especially when pursued without regard for others.

Poisson Probability Distribution

A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.

Continuous Probability Distribution

Describes the probability distribution of a continuous random variable, indicating the likelihood of the variable taking on a range of continuous values.