Public choice is the study of government expenditures and tax policy and their impact on the economy.

Question

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Public choice theory is the study of how public decisions are made and how public officials and voters interact in the political process, focusing on the behavior of voters, politicians, and government officials within the context of economic analysis and decision-making. It is not limited to government expenditures and tax policy but encompasses a broader range of government actions and political behavior.

Public Choice Is the Study of Government Expenditures and Tax