Public Choice Theory

question 24

Multiple Choice

Public choice theory

• A) views individuals as reacting very differently in politics than in the marketplace.
• B) does not agree with Locke's social-contract view as to the origin of government.
• C) helps explain why political parties and candidates do not like to offer clear policy alternatives.
• D) does not examine the economic cost of externalities.

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Definitions:

External Public

Refers to individuals or groups outside of an organization who are stakeholders or are affected by the organization's actions.

CEO

Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Interview

An interview is a formal conversation where questions are asked to obtain information, often used in research, journalism, and employment processes to assess qualifications or gather insights.

Tweeting

The act of posting short messages, known as tweets, on the social media platform Twitter.