The theory of public choice
A) is the theory of how government decides on what military hardware to purchase.
B) considers government decision-making efficient.
C) is the study of collective decision making.
D) is the study of how negative externalities can be reduced.

Question

Quizplus · Accepted Answer

The theory of public choice is the study of collective decision making, specifically how individuals and groups make decisions that affect the public as a whole. It is a branch of economics that applies microeconomic principles to the study of government decision-making. Options A, B, and D are not accurate descriptions of the theory of public choice.

The Theory of Public Choice