The field of political economy
A)casts aside most of the standard methods of economic analysis.
B)is also referred to as the field of public choice.
C)is also referred to as the field of macroeconomics.
D)produces the conclusion that democratic principles rarely lead to desirable economic outcomes.

Question

Quizplus · Accepted Answer

The field of political economy is also referred to as the field of public choice. It is a subfield of economics that focuses on the interaction between political and economic systems, and how they affect each other. It does not cast aside most of the standard methods of economic analysis, and it does not necessarily produce the conclusion that democratic principles rarely lead to desirable economic outcomes.

The Field of Political Economy