According to Public Choice Theory, Which of the Following Groups

question 57

Multiple Choice

According to public choice theory, which of the following groups will likely benefit the most from government income transfers under a system of representative democracy?

• A) the poor
• B) consumers
• C) small businesses
• D) concentrated interest groups

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Definitions:

Serious Side Effect

An unintended, negative reaction to a medication or therapy that can sometimes be severe or life-threatening.

Medication

Substances used in the diagnosis, treatment, or prevention of disease and as part of medical care to alleviate symptoms and improve health.

Risk

Risk involves exposure to the chance of injury or loss, a measure often assessed in decision-making processes.

Bounded Rationality

The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.