What Is the Assumption Underlying Public-Choice Theory

question 115

Multiple Choice

What is the assumption underlying public-choice theory?

• A) Elected officials believe in cooperating with one another and they seek to avoid competition among themselves.
• B) The costs and benefits of being efficient are the same whether one is in the private sector or in the public sector.
• C) Individuals act within the political process to improve their own individual well-being.
• D) Resources in the public sector are not scarce.

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Definitions:

Erikson's Stage

A concept in developmental psychology, part of Erik Erikson's theory of psychosocial development, outlining eight stages that a healthy developing individual should pass through from infancy to late adulthood.

Meaningful Relationships

Connections between individuals that are characterized by mutual respect, attachment, and fulfillment, contributing significantly to emotional and psychological well-being.

Socioemotional Selectivity Theory

A theory suggesting that as people age, their social goals and interactions shift towards more emotionally meaningful experiences, reflecting changes in motivations and priorities.

Older Adults

Individuals who are in the later stages of life, often defined as being 65 years of age or older, facing unique health, social, and psychological challenges.