One result of the public choice model is that most economists believe that
A)when market failure occurs, government intervention will always lead to a more efficient outcome.
B)government intervention will always result in a reduction in economic efficiency in regulated markets.
C)policymakers may have incentives to intervene in the economy in ways that do not promote economic efficiency.
D)the voting paradox will prevent voters from selecting the best person for public office.

Question

Quizplus · Accepted Answer

The public choice model suggests that policymakers may be driven by personal incentives and interests rather than promoting economic efficiency. Therefore, they may intervene in the economy in ways that do not lead to the most efficient outcome. This implies that government intervention may not always result in improved market outcomes, and policymakers need to be mindful of their incentives when designing interventions.

One Result of the Public Choice Model Is That Most