The Approach to Government That Assumes That the Goal of Government

question 91

Multiple Choice

The approach to government that assumes that the goal of government is to maximize welfare by seeking an efficient allocation of resources is called:

• A) public finance theory.
• B) public choice theory.
• C) public interest theory.
• D) welfare theory.

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Definitions:

Emissions Abatement

The process of reducing emissions of pollutants into the environment, typically achieved through policies, technologies, or practices that decrease the emission of harmful gases.

Marginal Cost

Cost of one additional unit of a good.

Marginal Benefit

Benefit from the consumption of one additional unit of a good.

Incentivized

Encouraged or motivated through the offering of incentives or rewards to perform a particular action or behavior.