The Branch of Economics That Applies the Principles and Methodology

question 51

Multiple Choice

The branch of economics that applies the principles and methodology of economics to the operation of the political process is known as

• A) private choice analysis.
• B) public choice analysis.
• C) government operations analysis.
• D) policy preference analysis.

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Definitions:

Authority

The legitimate power granted to individuals or groups, typically within an organizational structure, to make decisions and enforce rules.

Connection Power

The influence gained from networking or building relationships with influential individuals or groups.

Networks

The interconnected system of nodes (which can be individuals, organizations, or computers) that allows for the exchange of information, resources, or services.

Support

Assistance or aid provided to individuals or organizations to help them cope, grow, or improve.