Multiple Choice
A principal idea associated with public choice theory is that
A) special interests dictate what government does
B) the public chooses, but the government does what it wants
C) government failure is less than market failure
D) market failure is less than government failure
E) people's choices dictate what government does
Correct Answer:

Verified
Correct Answer:
Verified
Q162: The socially optimal quantity of a public
Q163: When positive externalities exist, the government must
Q164: The automobile emission standards in the United
Q165: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -Exhibit N-5 depicts
Q166: In cases where negative externalities are present,
Q168: Equating society's marginal benefits with marginal costs
Q169: During rush hours, long lines of traffic
Q170: Which of the following would generate positive
Q171: When property rights are poorly defined,<br>A) positive
Q172: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit N-4,