According to Public Choice Theory, People Do Not Always Make

question 110

Multiple Choice

According to public choice theory, people do not always make informed choices because:

• A) the incentives to become informed are low as compared with the costs of being informed.
• B) they are ignorant by nature.
• C) they are irrational, so their decisions are not predictable.
• D) they believe making informed choices are the tasks only for the government.

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Definitions:

Outcome Simulation

The practice of envisioning the potential outcomes of specific actions or decisions, often used in decision making and problem solving.

Productive Language

The aspect of language development involving the production of words and sentences to communicate ideas and messages to others.

Barely Recognizable Syllables

Sounds that form the foundation of speech development, characterized by their minimal phonetic distinctiveness and early appearance in babbling stages.

Developing Capacity

The potential for an individual or organization to grow and improve over time in skills, knowledge, and abilities.