The Public Choice Theory of Regulation Rests on the Premise

question 36

Multiple Choice

The public choice theory of regulation rests on the premise that:

• A) individuals are evil and will only do the wrong thing.
• B) individuals will pursue their own self-interest in private, but not public matters.
• C) people employed by government will pursue their own self-interest.
• D) public servants can be trusted to serve the public interest.

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Definitions:

Slacking Off

The act of reducing effort or avoiding work altogether.

Cognitive Dissonance

The psychological distress felt when an individual has two or more opposing beliefs, ideas, or values at the same moment.

Attribution Theory

The theory that we explain someone’s behavior by crediting either the situation or the person’s disposition.

Social Behavior

Refers to how individuals interact with each other within a society, encompassing both cooperative and competitive actions.