When Analyzing Public Sector Decision Making, Economic Theory Assumes Voters

question 182

Multiple Choice

When analyzing public sector decision making, economic theory assumes voters, politicians, and government officials will

• A) respond to changes in personal benefits and costs when making public sector choices.
• B) always pursue the public interest even when it conflicts with their private interests.
• C) generally ignore the personal costs and benefits associated with their choices.
• D) make decisions that seek to maximize the amount of benefits created for society as a whole.

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Definitions:

Production Process

A sequence of actions, methods, or operations involved in the manufacturing or creation of goods and services.

Conscientious

Describes a person who is diligent, careful, and thorough in their duties or tasks.

Aimless

Lacking a goal, direction, or purpose.

Organic Product

A substance that results from organic chemistry reactions, typically containing carbon atoms.