Which of the following represents the basic principle of public choice theory?
a. Politicians act consistently in the public's interest.
b. Politicians follow their own self-interest and seek to maximize their reelection chances, rather than promote the best interests of society.
c. Politicians act in the public interest once they are elected, but follow their own self-interest and seek to maximize their reelection chances during a political campaign.
d. None of the above answers are correct.
b
You might also like to view...
Refer to the graph. Which of the three Security Market Lines would represent a situation where investors do not care about the risk level of a financial asset?
A. Line A.
B. Line B.
C. Line C.
D. None of these.
The outcome of the Civil War in the United States was that:
a. the Confederates were allowed to keep their currency. b. the value of the Confederate dollar increased at the end of the war. c. the Confederate dollar became worthless. d. the North's currency declined in value.