An Important Assumption in the Theory of Public Choice Is

question 277

Multiple Choice

An important assumption in the theory of public choice is that

• A) individuals will act within the political process to maximize their individual well-being.
• B) individuals will act within the political process to maximize their collective well-being.
• C) individuals will only operate outside the political process when their well-being is involved.
• D) scarcity does not exist in the government sector.

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Definitions:

Decision-Making Procedures

The systematic processes or methods followed to make considered decisions, often involving the identification of options, analysis of consequences, and selection of the best course of action.

Determination of Parties

The process of identifying and defining the entities or individuals involved in a legal agreement or dispute.

Ethical Intensity

The degree of importance or significance given to an ethical issue, influenced by factors such as potential outcomes and social consensus.

Sexually Harassed

Experiencing unwanted sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature in a work or professional setting.