Which of the following represents the basic principle of public choice theory?
A) Politicians act consistently in the public's interest.
B) Politicians follow their own self-interest and seek to maximize their reelection chances, rather than promote the best interests of society.
C) Politicians act in the public interest once they are elected, but follow their own self-interest and seek to maximize their reelection chances during a political campaign.
D) None of the above.

Question

Quizplus · Accepted Answer

Public choice theory assumes that individuals in power, including politicians, act rationally and in their own self-interest. This means that politicians are more likely to prioritize policies that benefit themselves personally, such as promoting policies that will help them get reelected, rather than policies that are in the best interest of society as a whole.

Which of the Following Represents the Basic Principle of Public