This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are the public choice theory arguments against government involvement in the ... (Read 7 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
on: Jun 30, 2018
What are the public choice theory arguments against government involvement in the economy?

Question 2

In international trade, an infant industry is one:
 a. that protects firms that produce products for infants.
  b. with a large number of very small firms.
  c. in which the firms are experiencing very small profits.
  d. in the early stages of its development.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

Public choice theory emphasizes the possibility of government failure (government attempting to do good but instead manages to make matters worse). Government failure may stem from majority rule that does not rely on benefit-cost analysis, special-interest groups capturing most of the benefits, rational voter ignorance, inefficient bureaucratic behavior, and shortsighted political behavior.

Answer to Question 2

d


jessicacav

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

The endosymbiosis theory The endosymbiosis theory
The Triangular Theory of Love The Triangular Theory of Love
Involvement of pyridoxal phosphate in transamination Involvement of pyridoxal phosphate in transamination
Sweet potato fries are not the healthier choice! Sweet potato fries are not the healthier choice!
A Sociological Timeline of Major Figures in the Development of Sociological Theory, 1820–1960 A Sociological Timeline of Major Figures in the Development of Sociological Theory, 1820–1960
The Cannon-Bard Theory of Emotion The Cannon-Bard Theory of Emotion
Video: Sister chromatids of a metaphase chromosome animation

For a complete list of videos, visit our video library