Public choice economics studies:

A. what individuals choose for themselves.
B. how individuals are affected by advertising.
C. public sector decision making.
D. None of these


Answer: C

Economics

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Which of the following is always true for a single-price monopolist?

A) P > MR B) P < MR C) P = MR D) P = elasticity of demand E) None of the above answers is correct because none of them is always true.

Economics

From the table above, which gives data about the U.S. labor market in 1933, the unemployment rate is

A) 2 percent. B) 18 percent. C) 20 percent. D) 25 percent. E) 35 percent.

Economics

If the public believes that the commitment to a nominal anchor is not credible, the effect of a positive aggregate demand shock is for ________

A) short-run aggregate supply to shift down B) short-run aggregate supply to remain unchanged C) short-run aggregate supply to shift up D) inflation, but not economic activity, to increase

Economics

The hot spot problem is:

a. the U.S. obtains the majority of its oil supplies from politically unfriendly countries. b. some air pollutants such as sulfur dioxide have a greater effect nearby than further away. c. some air pollutants such as carbon dioxide have an equal effect nearby and further away. d. nuclear plants heat up nearby water, causing a decline in the native fish population.

Economics