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.

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Definitions:

Income

The money received by a person or organization for work, goods, or investments, representing the flow of cash or cash-equivalents.

Twizzlers

A brand of fruit-flavored candy, known for its twisted shape and chewy texture.

Indifference Curves

Graphs that represent combinations of goods that provide a consumer with the same level of satisfaction, illustrating preferences.

Chocolate Milk

A flavored milk beverage made by mixing cocoa, sugar, and milk, often consumed as a sweet treat or post-workout recovery drink.