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.

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Definitions:

Solution

The result of solving a problem or equation, providing a value or set of values that satisfy the conditions expressed.

Inequality

A mathematical statement that indicates one quantity is larger or smaller than another, not equal.

Solve

To find an answer or solution to a problem, equation, or puzzle.

Grocer

A person or business that sells food and other household goods.