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Which One of the Following Economists Has Played a Central

question 45

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Which one of the following economists has played a central role in the development of the "economics of collective decision making," better known as public choice analysis?


Definitions:

Expenses

The money spent or costs incurred in an entity's efforts to generate revenue, representing the cost of doing business.

Withdrawals

Funds taken out from a business by its owner(s) for personal use.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.

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