Public Choice Analysis

question 145

Multiple Choice

Public choice analysis

• A) assumes individuals in the public sector act in their own self-interests.
• B) assumes individuals seek to serve the public interest rather than their own personal interests.
• C) is the study of decision making in the formation and operation of private organizations.
• D) assumes the government is a corrective device that takes the necessary action to offset economic inefficiency arising from market failure.

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Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data points, indicating the volatility of an investment.

Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, commodities, and other financial instruments.

Stock T

A hypothetical or generic stock used in financial examples or educational contexts to explain stock market concepts.