When comparing market and public sector decision making, which statement is NOT true?
A) Self-interest is the motivating force in each decision making arena.
B) In both decision making sectors, majority rule is how things are done.
C) In both decision making sectors, there are scarcity constraints.
D) Collective (political) outcomes and economic outcomes may differ.

Question

Quizplus · Accepted Answer

Majority rule is not necessarily how things are done in the public sector, as decision making in the public sector can involve elected officials, appointed bureaucrats, and other decision makers with different structures and processes than the market sector.

When Comparing Market and Public Sector Decision Making, Which Statement