Examlex
_____ is defined as broad preferences of one state of affairs over the other.
a.Ethnocentrism
b.Values
c.Esthetics
d.Altruism
e.Collectivism
b;
Public Choice Theory
The economic analysis of government decision making, politics, and elections.
Government Decision Making
The process by which officials of a government choose options and take actions affecting the country or a section of its population.
Collective Economics
Practices and principles that focus on the management and optimization of resources for the benefit of a community or group rather than individuals.
Public Choice Theory
A theory that applies economic principles to political science, analyzing how public decisions are made and their impact on society.
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