An important assumption in the theory of public choice is that
A) individuals will act within the political process to maximize their individual well-being.
B) individuals will act within the political process to maximize their collective well-being.
C) individuals will only operate outside the political process when their well-being is involved.
D) scarcity does not exist in the government sector.

Question

Quizplus · Accepted Answer

The theory of public choice assumes that individuals will act within the political process to maximize their individual well-being. This means that individuals, including those in government, will act in a self-interested manner, just as they would in the private sector. This assumption helps to explain why government decisions may not always be in the best interest of the collective as a whole.

An Important Assumption in the Theory of Public Choice Is