The Assumption That the Goal of Government Is to Maximize

question 156

Multiple Choice

The assumption that the goal of government is to maximize welfare by seeking an efficient allocation of resources is characteristic of the _______ approach to studying public sector choice.

• A) federal budget studies
• B) government spending theory
• C) public choice theory
• D) public interest theory

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Definitions:

Insurer

An insurer is a company that offers insurance policies to individuals or entities, providing financial protection against losses or damages in exchange for premiums.

Designated Beneficiary

A person named in a legal document who is authorized to receive benefits or assets upon the death of the owner or holder of the document.

Specific Sum

A precise amount of money defined and agreed upon in a contractual or legal context.

Contractors' Liability Insurance

Insurance coverage that protects contractors against claims arising from injuries or damages to other people or property during the construction process.