Public Choice Theory Assumes That Each Voter Will Tend to Favor

question 49

Multiple Choice

Public choice theory assumes that each voter will tend to favor the political candidate who offers:

• A)programs with the largest social benefits.
• B)equality of government-provided benefits across all citizens.
• C)programs that will yield the greatest personal benefits net of personal cost.
• D)a plan that requires the least amount of tax dollars, regardless of the level of benefits provided.
• E)programs that cost the least to implement.

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Definitions:

Cash Payback Method

The cash payback method is a capital budgeting technique that calculates the time needed to recoup the cost of an investment based on its expected cash flows.

Period

A length of time during which a series of events or an action takes place or is completed.

Salvage Value

The estimated residual value of an asset at the end of its useful life, often used for depreciation calculations.

Total Operating Income

The profit achieved from a company's core business operations, excluding deductions of taxes and interest.