The Basic Assumption of Public Choice Models Is That Every

question 132

True/False

The basic assumption of public choice models is that every individual,including individuals in government,acts in his or her own self-interest.

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Definitions:

Sanctions

Penalties or other means of enforcement used to provide incentives for obedience with the law, or with rules and regulations; can be positive (rewarding) or negative (punishing).

Legislation

Laws or acts passed by governing bodies to regulate, authorize, forbid, or declare something.

Counterculture

A way of life and set of attitudes opposed to or at variance with the prevailing social norm; often associated with movements in the 1960s.

Subculture

A cultural group within a larger culture, often having beliefs or interests at variance with those of the larger culture.