Public choice refers to
A) the decisions and decision-making processes that individuals go through to solve public problems.
B) political decisions made in the interest of the public at large.
C) the application of economic principles and tools to public-sector decision making.
D) the process that individuals undergo to decide what goods and services they will purchase and consume.
E) the process that individuals undergo to decide whether or not they will pursue a career government service.
C
You might also like to view...
Which of the following correctly identifies a Malthusian cycle?
A) Increase in GDP would increase GDP per capita above subsistence, which will cause an increase in the size of population which would increase pressure on resources and eventually reduce GDP per capita. B) Increase in GDP would increase GDP per capita above subsistence, which will cause a decrease in the size of population that would reduce pressure on resources and increase GDP per capita further. C) Decrease in GDP would decrease GDP per capita below subsistence, which will cause an increase in the size of population which would increase pressure on resources and eventually reduce GDP per capita. D) Increase in GDP would increase GDP per capita above subsistence, which will cause an increase in the size of population that would increase pressure on resources and that would further increase GDP per capita.
What are the three stages of constructing the CPI?
What will be an ideal response?