According to Public Choice Theory, a More Democratic Country

question 306

Multiple Choice

According to public choice theory, a more democratic country:

• A) can eliminate rational ignorance so that politicians can focus on policies that promote economic growth.
• B) have a higher living standard without policies to promote economic growth.
• C) will have more policies that promote economic growth because it has a larger share of population that is brought into power.
• D) will have more policies that promote economic growth because a small elite is more efficient in making policy decisions.

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Definitions:

Businesses

Organizations engaged in commercial, industrial, or professional activities with the aim of earning profits.

Chapter 7

A provision under the U.S. Bankruptcy Code dealing with the process of liquidation, where a debtor's assets are sold to pay creditors.

Meeting of Creditors

A gathering in bankruptcy proceedings where creditors can question the debtor about their finances and the bankruptcy petition.

Debtor's Assets

Property owned by an individual or entity that owes money to creditors, which can be used to pay off debts.