The Assumption That Individuals in the Public Sector Make Choices

question 133

Multiple Choice

The assumption that individuals in the public sector make choices that maximize their own utility is characteristic of the _______ approach to studying public sector choice.

• A) federal budget studies
• B) government spending theory
• C) public interest theory
• D) public choice theory

---

Definitions:

FTC Commissioners

Officials appointed to the Federal Trade Commission (FTC), a U.S. federal agency, responsible for enforcing antitrust and consumer protection laws.

Staggered Terms

A system used in boards and committees where members are elected for different lengths of time, so not all members are replaced at once.

Fixed Terms

Contracts or agreements that are set for a specific, unchangeable duration of time, specifying start and end dates.

FTC Act

The Federal Trade Commission Act, a law established to prevent unfair business practices and protect consumers by promoting competition.