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Public Choice Analysis
The study of political behavior using methods and principles of economics, focusing on the self-interest motives of participants and the impact of their behavior on public policy.
Rational Personal Choice
The decision-making process by individuals that results in the optimal level of benefit or utility for the individual, based on personal preferences and available information.
Personal Benefit
The advantage or gain that an individual receives from making a decision or undertaking an action.
Public Choice Theory
An economic theory that studies how public decisions are made and how public policies are shaped, considering individuals as self-interested agents.
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Q3: Which is not an assumption of the
Q4: Contingency approaches advocate that there is 'one
Q7: In this approach to taxes, the expatriate
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Q9: Which of these is NOT a criticism
Q13: Bureaucracy can never be fair and efficient.
Q20: Utilitarianism understands the ethical value of an
Q22: In the St. John's Hospital program, clients