Multiple Choice
Which of the following is FALSE about public-sector decision making?
A) Decisions are based on majority rule.
B) The price charged to consumers is often less than its full opportunity cost.
C) Decisions involve no opportunity cost.
D) Incentives play a role in decision making.
Correct Answer:

Verified
Correct Answer:
Verified
Q199: The theory of public choice suggests that<br>A)
Q200: Which of the following is NOT an
Q201: The government's policy of reducing payments for
Q202: When a Canadian citizen enjoys military protection
Q203: Suppose a valley periodically floods. A dam
Q205: When government intervenes in the production process
Q206: The difference between the economic and political
Q207: A price system is considered to be
Q208: Under present U.S. law, marijuana is an
Q209: One major characteristic of the price system