Multiple Choice
Most economists who study "public choice theory" now agree that an important possible source of "government failure" is
A) that it is not possible for civil servants to determine the allocatively efficient provision of government services.
B) that most civil servants are incompetent.
C) that politicians and civil servants have their own objectives that may conflict with the national interest.
D) governments govern undemocratically.
E) politicians are incompetent or corrupt.
Correct Answer:

Verified
Correct Answer:
Verified
Q101: Why are goods that are non-rivalrous and
Q102: The fact that it is difficult to
Q103: "Rent-seeking" is a problem of<br>A)pure free-market economies.<br>B)centrally
Q104: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 16-1 -Refer
Q105: A flu vaccine has an associated _
Q107: Which of the following statements about public
Q108: Which of the following is the best
Q109: Consider an ordinary rivalrous good,provided in a
Q110: The price charged for access to an
Q111: The "formal defence" of free markets includes