The field of economics that analyzes government decision making, politics, and elections is called:
A. public finance.
B. public choice theory.
C. collective economics.
D. political economy.
Answer: B
You might also like to view...
Organic food might be good for your health but in light of the 2008 downturn in the economy and falling incomes, consumers are buying less organic and more non-organic food. Based on these events, what is TRUE?
A) Organic food is a normal good and non-organic food is an inferior good. B) Organic food is an inferior good and non-organic food is a normal good. C) Organic food is a normal good and non-organic food is a normal good. D) Organic food is an inferior good and non-organic food is an inferior good.
A serious consequence of a financial crisis is
A) a contraction in economic activity. B) an increase in asset prices. C) financial engineering. D) financial globalization.