Public Choice Analysis

question 30

Multiple Choice

Public choice analysis

• A) assumes individuals in the public sector seek to serve the public interest rather than their own personal interests.
• B) is the study of the decision making of individual actors (such as voters, politicians, and bureaucrats) in the public sector.
• C) suggests that individual voters have a greater incentive to become informed when making choices among political candidates than when making choices about the products they consume.
• D) finds that the individuals managing government agencies generally have a much stronger incentive to be efficient than do individuals managing private businesses.

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Definitions:

Universality

The ability to be applied or relevant in all cases, or the notion that certain concepts hold true across all cultures and situations.

Schizophrenia

A psychological condition marked by unusual conduct, peculiar speech, and a diminished capacity to grasp reality.

Waxy Flexibility

A state wherein a person’s limbs and posture can be “moulded” into different positions as if the person were made of wax. Occasionally seen in schizophrenia.

Catatonic Posturing

A symptom of certain mental conditions where a person maintains unusual, fixed body positions for a long time.