Public Choice Analysis

question 30

Multiple Choice

Public choice analysis

• A) assumes individuals in the public sector seek to serve the public interest rather than their own personal interests.
• B) is the study of the decision making of individual actors (such as voters, politicians, and bureaucrats) in the public sector.
• C) suggests that individual voters have a greater incentive to become informed when making choices among political candidates than when making choices about the products they consume.
• D) finds that the individuals managing government agencies generally have a much stronger incentive to be efficient than do individuals managing private businesses.

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Definitions:

Short-Term Profits

Earnings achieved within a relatively brief period, reflecting the immediate financial health of a business.

Linear Programming

A mathematical technique used for allocation of resources and optimization of outcomes in decision making, typically involving minimizing costs or maximizing revenues.

Constraint

A limitation or restriction that impacts the performance, process, or execution of a project, activity, or system.

Limitations

The restrictions or constraints that may affect the feasibility or effectiveness of a process, system, or action.