Examlex
________ refers to sums of money (equal to a certain percentage of their deposits) that banks are legally required to keep on hand.
Public Choice Theory
An economic theory that studies how public sector decisions are made, considering individuals in the public sector as self-interested agents and applying the tools of economics to political science.
Government Decision Making
The process by which governments choose between different policies, actions, or strategies to address specific public issues or problems.
Rent-Seeking Behavior
The actions by persons, firms, or unions to gain special benefits from government at the taxpayers’ or someone else’s expense.
Public Choice Theory
An economic theory that applies principles of economics to political science, analyzing how public decisions are made and the behaviors of voters, politicians, and bureaucrats.
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