What Is One Result of the Public Choice Model That

question 70

Multiple Choice

What is one result of the public choice model that is believed by most economists?

• A)When market failure occurs, government intervention will always lead to a more efficient outcome.
• B)Government intervention will always result in a reduction in economic efficiency in regulated markets.
• C)Policymakers may have incentives to intervene in the economy in ways that do not promote economic efficiency.
• D)The voting paradox will prevent voters from selecting the best person for public office.

---

Definitions:

Ego

A component of the human psyche in psychoanalytic theory that mediates between the conscious, the unconscious, and the external world.

Extraverted Thinking Types

Personality types characterized by decision-making processes that focus on external criteria and logical reasoning.

Introverted Feeling Types

Individuals who primarily make decisions based on deeply held personal values and emotions; typically introspective, sensitive, and reserved in nature.

Society's Rules

The norms, laws, and regulations that govern behavior within a particular community or society.