Public Choice Analysis

question 145

Multiple Choice

Public choice analysis

• A) assumes individuals in the public sector act in their own self-interests.
• B) assumes individuals seek to serve the public interest rather than their own personal interests.
• C) is the study of decision making in the formation and operation of private organizations.
• D) assumes the government is a corrective device that takes the necessary action to offset economic inefficiency arising from market failure.

---

Definitions:

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions, often leading to novel conclusions or unique solutions.

Human Brain

Human Brain is the complex organ in humans that is the center of the nervous system, responsible for cognitive functions, emotions, and controlling body activities.

Computer

an electronic device designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results of these operations.

Language Properties

Fundamental characteristics of language, including syntax, semantics, phonetics, and pragmatics, that enable communication.