When Analyzing Public Sector Decision Making, Economic Theory Assumes Voters

question 182

Multiple Choice

When analyzing public sector decision making, economic theory assumes voters, politicians, and government officials will

• A) respond to changes in personal benefits and costs when making public sector choices.
• B) always pursue the public interest even when it conflicts with their private interests.
• C) generally ignore the personal costs and benefits associated with their choices.
• D) make decisions that seek to maximize the amount of benefits created for society as a whole.

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Definitions:

Formula For Actions

A predetermined or systematic method for determining the steps to take in a specific circumstance or to achieve a particular outcome.

Who-What-When

The "Who-What-When" framework outlines a method for capturing and organizing basic factual information, often used in planning, documentation, or analysis.

Success

is the achievement of a goal, objective, or desired outcome.

Well-Written Objective

An objective that is clear, measurable, achievable, relevant, and time-bound, guiding actions towards a specific goal.