The Theory of Public Choice Suggests That

question 199

Multiple Choice

The theory of public choice suggests that

• A) government agencies tend to be inefficient because the people running them do not understand the concept of opportunity cost.
• B) government agencies tend to be inefficient because they are subject to institutional arrangements in which managers do not have an incentive to be efficient.
• C) the goods provided by government, whether public or private goods, are not scarce.
• D) you can lower your tax bill if you are careful not to consume too many government resources, regardless of what your neighbors do.

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Definitions:

Nicotine

A stimulant drug found in tobacco products, which is highly addictive and affects the nervous system.

GABA

A neurotransmitter in the brain that inhibits nerve transmission, playing a key role in regulating neuronal excitability and anxiety.

Acetylcholine

A neurotransmitter in the brain and nervous system important for muscle function, memory, and cognition.

Antagonist

An antagonist is a character or force in literature or drama that opposes the protagonist or main character, often creating conflict.