The Theory of Public Choice

question 73

Multiple Choice

The theory of public choice

• A) is the theory of how government decides on what military hardware to purchase.
• B) considers government decision-making efficient.
• C) is the study of collective decision making.
• D) is the study of how negative externalities can be reduced.

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Definitions:

Lanugo

Fine, soft hair, especially that which covers the body and limbs of a newborn human.

Icteric Sclera

The yellowing of the whites of the eyes, which is a symptom of jaundice resulting from elevated bilirubin levels in the blood.

Bilirubin

A yellow compound that occurs in the normal catabolic pathway that breaks down heme in vertebrates. Its levels are measured to assess liver function.

Bacterial Endocarditis

An infection of the inner lining of the heart chambers and valves, typically caused by bacteria.