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History, 08.07.2019 20:50 lerinmarie

Which of the following is an accurate statement regarding public choice theory? a. even though most public goods come from taxes, they often appear to be free, and if people think something is free they will overuse it. b. in an economic context, households, firms, and the government can be described as rent seeking. c. government regulation, although in many cases an important political function, is at times criticized for causing government failure. d. ideally, policy decisions would promote the interests of the majority, but instead, government seems to promote the goals of small special-interest groups to the disadvantage of the larger public.

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Which of the following is an accurate statement regarding public choice theory? a. even though most...

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