What Theory Asserts That Individuals Shop Around to Find a Local

question 11

Multiple Choice

What theory asserts that individuals shop around to find a local government whose taxes and services are in line with their own preferences?

• A) public service theory
• B) public choice theory
• C) market preference theory
• D) regime theory

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Definitions:

Opportunity Cost

The cost of choosing one option over another, representing the benefits foregone from not choosing the next best alternative.

SUVs

Sport Utility Vehicles, a category of motor vehicles that combine elements of road-going passenger cars with features from off-road vehicles, like higher ground clearance and four-wheel drive.

Motorcycles

Two-wheeled vehicles powered by an engine, often used for transportation, recreation, or sport.

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.