Public Choice Theory Indicates Someone Who Spends More Time Evaluating

question 98

Multiple Choice

Public choice theory indicates someone who spends more time evaluating which tennis racket to buy than deciding which U.S. Senate candidate to support

• A) is behaving irrationally.
• B) is behaving rationally, given the structure of incentives confronted.
• C) will likely be responsible for electing the wrong senator.
• D) is failing to maximize his own personal utility.

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Definitions:

Memos

Short for memoranda, these are brief written messages used within an organization to communicate information or instructions.

Main Idea

The central thought or message of a piece of writing, around which all other information is organized and supports.

Directly

Directly pertains to a straightforward manner of communication or action, where messages are expressed clearly and without ambiguity.

Social Networking

Social networking involves using online platforms to build, engage, and share content with a network of contacts, usually for personal, social, or professional purposes.