While the public sector is indeed run by majority

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While the public sector is indeed run by majority rule and the market system is run by proportional voting rules, other differences also exist between the private market's dollar voting system and the voting system in the public sector. Carefully examine the other responses.
1. The study of collective decision making, or the process through which voters, politicians and other interested parties influence nonmarket choices is known as Public choice theory The theory of public choice refers to the analysis of collective decision making involving voters, politicians, political parties, interest groups, and many others. The examination of how voters, politicians, and other parties collectively reach decisions in the public sector of the economy. 2. One reason that collective and private decision making differ is individuals working in the government sector face a different incentive structure than those in the private sector. 3. The theory of public choice is the study of the process through which voters, politicians, and other interested parties interact to influence nonmarket choices. 4. Similarities in decision making between the private and public sectors include all of the following except similarities in individuals working in each sector, competition, opportunity cost, use of force. (answer) 5. Differences in decision making between the private and public sectors include all of the following except competition (answer), the amount of consumer payment required for goods produced by each sector, use of force, the type of voting system used in each sector 6. The theory of public choice examines how voters, politicians, and other parties collectively reach decisions in the public sector of the economy. As in private markets, opportunity cost and competition have incentive effects that influence public-sector decision making. In contrast to private market situations, however, there is not a one-to-one relationship between consumption of a publicly provided good and the payment for that good. 5.I: issues and apps Public spending and transfers = Government outlays include all government expenditures on employees, rent, electricity, and the like. In addition, total government outlays include transfer payments, such as welfare and Social Security. A subsidy is a negative tax. A subsidy is a per-unit payment made either to a business or to a consumer when the business produces or the consumer buys a good or a service. Subsidies reduce the net price to consumers, thereby causing a larger quantity to be demanded 7. One of the largest public spending and transfer programs in the United States that provides government subsidies to elderly and other legally qualified recipients of assistance with health care expenses is Medicare 8. Medicare provides government subsidies to elderly and other legally qualified recipients of assistance with health care expenses. 9. One of the largest public spending and transfer programs in the United States is the Medicare program.

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