According to public choice theory, policymakers
A)place the interests of the public above their own self-interest.
B)are likely to pursue their own self-interest, even if their self-interest conflicts with the public interest.
C)act in ways to maximize economic efficiency.
D)act in ways to bring about an equitable distribution of society's wealth.

Question

Quizplus · Accepted Answer

Public choice theory suggests that policymakers are likely to pursue their own self-interest, even if it conflicts with the public interest. This is because policymakers are individuals with their own goals, preferences, and constraints, and they respond to incentives and disincentives in the same way that individuals in the private sector do. The theory assumes that policymakers are rational and utility-maximizing, and it seeks to explain how they behave in political markets where votes, campaign contributions, and lobbying influence their decisions. Therefore, policymakers may prioritize their own objectives rather than the welfare of the general public.

According to Public Choice Theory, Policymakers