The Theory of Public Choice

question 73

Multiple Choice

The theory of public choice

• A) is the theory of how government decides on what military hardware to purchase.
• B) considers government decision-making efficient.
• C) is the study of collective decision making.
• D) is the study of how negative externalities can be reduced.

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Definitions:

North Atlantic Treaty Organization

An intergovernmental military alliance between North American and European countries, established in 1949 for mutual defense against aggression.

Military Alliance

An agreement between two or more nations to provide mutual support and defense in case of a military conflict or threat.

Latin America

A region in the Western Hemisphere, comprising countries in South and Central America, the Caribbean, where Romance languages are predominantly spoken.

Hollywood

The center of the United States film industry, located in Los Angeles, California, known for its historic studios and as a cultural icon for entertainment.