According to public choice theory, individuals, in making collective decisions, try to maximize:
A) their own well-being.
B) the well-being of society.
C) overall voter turnout on major issues.
D) their own total benefits, regardless of the total costs they will incur.
Correct Answer:
Verified
Q185: Q186: Q187: Which of the following statements is true? Q188: If an activity creates negative externalities: Q189: Suppose the private marginal cost of an Q191: Cost-benefit analysis applies to all rational decision-making. Q192: An opportunity cost is the cost of Q193: The additional satisfaction from consuming one more Q194: According to the Law of Diminishing Marginal Q195: If the marginal cost of carrying out
A)
A) less
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