Which of the following is FALSE about public-sector decision making?
A) Decisions are based on majority rule.
B) The price charged to consumers is often less than its full opportunity cost.
C) Decisions involve no opportunity cost.
D) Incentives play a role in decision making.

Question

Quizplus · Accepted Answer

Decisions in the public sector, like any other sector, involve opportunity cost. Resources used for one project means the loss of the opportunity to use those resources for another project.

Which of the Following Is FALSE About Public-Sector Decision Making