When Comparing Market and Public Sector Decision Making, Which Statement

question 345

Multiple Choice

When comparing market and public sector decision making, which statement is NOT true?

• A) Self-interest is the motivating force in each decision making arena.
• B) In both decision making sectors, majority rule is how things are done.
• C) In both decision making sectors, there are scarcity constraints.
• D) Collective (political) outcomes and economic outcomes may differ.

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Definitions:

Confederate Government

The government established by the southern states that seceded from the United States in 1861, leading to the American Civil War; it sought to preserve states' rights, including the right to slavery.

Slaveholders

Individuals or entities that owned slaves, particularly prevalent in the contexts of pre-Civil War America and other societies where slavery was legally practiced.

Physical Assessment

The systematic examination of the body by a healthcare provider, using observation, palpation, percussion, and auscultation, to detect any signs of disease or abnormalities.

Inspection Phase

The initial part of a physical examination where a healthcare provider visually examines a patient for any signs of abnormality.