Public Choice Theory Predicts That Government

question 32

Multiple Choice

Public choice theory predicts that government

• A)acts to promote the redistribution of wealth and income.
• B)acts to maximize the amount of campaign contributions.
• C)acts to eliminate waste and promote an efficient allocation of resources.
• D)makes choices that result in efficient provision of public goods.
• E)makes choices that result in inefficient overprovision of public goods.

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Definitions:

Vertical Axis

In graphing data, this is the y-axis, which is typically used to measure the dependent variable or show the scale of values in a chart.

Utility Function

A mathematical representation of how consumer preferences over a set of goods and services are ranked.

Horizontal Axis

In a graphical representation, the x-axis, which typically shows the independent variable or the quantity of goods.

Vertical Axis

in a graph or chart, the y-axis which typically represents the range of values or dependent variables.