Examlex

Solved

Public Choice Theory Indicates That Representative Government Yields Outcomes More

question 55

Multiple Choice

Public choice theory indicates that representative government yields outcomes more consistent with economic efficiency when a close relationship exists between the benefits received and the costs borne by each voter. Which of the following methods of financing a government program will most likely result in a close relationship between voter benefits and costs?


Definitions:

University Education

The level of education focusing on specialized study provided by universities and other higher education institutions, typically leading to a degree.

University Tuition

The fee charged by educational institutions for instruction and other services related to academic enrollment.

Annual Payments

Recurring payments made once a year, such as dividends on stocks or interest on a loan.

Adjustable Rate Mortgages

Home loans with interest rates that can change over time, typically in relation to an index or a predefined benchmark.

Related Questions