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Home Q & A Board Other Fields Homework Help Business Economics
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wildcat290 wildcat290
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4 years ago

Question 1.

Economists James Buchanan and Gordon Tullock are well-known for developing



▸

the impossibility theorem.



▸

the voting paradox.



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the concept of government failure.



▸

the public choice model.



Question 2.

The public choice model assumes that government policymakers



▸

are likely to pursue their own self-interests, even if their self-interests conflict with the public interest.



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will pursue their self-interests in personal affairs but only if it does not conflict with the public interest.



▸

will often act irrationally in their personal affairs, but will act rationally when they promote the public interest.



▸

must promote the public interest at the expense of their own self-interests in order to be re-elected.

Textbook 
InMicro

InMicro


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Va97001Va97001
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wildcat290 Author
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