Which One of the Following Topics Would Be of the Most

question 211

Multiple Choice

Which one of the following topics would be of the most interest to a public choice economist?

• A)the theory of comparative advantage
• B)the law of increasing opportunity cost
• C)inflation and unemployment
• D)rent-seeking behavior

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Definitions:

Formal Social Control

A system of rules and regulations enforced by recognized institutions or authorities to maintain and establish order within society.

Probation Officers

Individuals appointed to supervise offenders who are either released on probation instead of serving time in prison or have already served a part of their sentences.

Principals

Leaders of schools or educational institutions responsible for the administration, management, and implementation of educational policies.

Norm Violations

Behaviors that deviate from accepted social norms or expectations, which can lead to social disapproval or sanctions.