Which of the Following Statements Is a Public Choice Economist

question 41

Multiple Choice

Which of the following statements is a public choice economist most likely to agree with?

• A) People who work for the federal government are naturally lazy,whereas people who work for private firms are naturally hard working.
• B) Good government comes from good people,bad government comes from bad people.
• C) Change the institutional arrangements,and you will change behavior.
• D) Bad people naturally gravitate toward a career in politics.
• E) Good people naturally gravitate toward a career in politics.

Understand government health insurance programs (Medicare, Medicaid) and their coverage.

Recognize the difference between individual and group health insurance policies.

Be aware of additional forms of health-related financial protection (long-term care insurance, health club memberships).

Understand provisions specific to health insurance (coordination of benefits, stop-loss).

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Definitions:

Competitive Advantage

The unique attributes or qualities a company possesses that enable it to outperform its competitors, generating greater sales or margins.

Corporate Governance

The system of rules, practices, and processes by which a company is directed and controlled, involving the balance among the interests of a company's stakeholders.

Strategic Management

The procedure of developing, executing, and assessing decisions across different functions to help an organization meet its goals.

Oversight and Accountability

Involves the processes and structures in place to monitor actions, ensure responsibilities are met, and hold individuals or organizations responsible for their actions and outcomes.