A Public Choice Theorist Would Be Most Likely to Say

question 107

Multiple Choice

A public choice theorist would be most likely to say that government failure is a consequence of the

• A) actions of selfish and corrupt politicians.
• B) rational behavior of the participants of the political process.
• C) irrational behavior of voters.
• D) irrational behavior of special interest groups.

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Definitions:

Housing Cost

The expense associated with acquiring, maintaining, or renting a residence.

Contract Remedies

Legal solutions available to a party of a contract when the opposing party has breached the agreement.

Contract Frustration

A legal doctrine which releases both parties from their contractual obligations due to unexpected events that render the contract impossible to fulfill.

Prize Horse

A highly valued or award-winning horse often recognized in competitive events or breeding.