The Public Choice Model Asserts That the Self-Interest of Policymakers

question 146

True/False

The public choice model asserts that the self-interest of policymakers is likely to cause them to take actions that are inconsistent with the preferences of voters, even where those preferences are clear.

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Definitions:

Corporate Form

A legal structure for organizing a business as a separate entity, recognized by law as having its own rights and liabilities.

Government Regulation

Rules established by authorities designed to control and direct the actions of individuals and organizations within a society.

Stock Dividends Distributable

Shares that have been declared as a dividend but have not yet been distributed to shareholders.

Corporate Form

A legal structure for organizing a business as a separate entity from its owners, providing limited liability and other legal benefits.