Microeconomics, Student Value Edition (6th Edition)
Microeconomics, Student Value Edition (6th Edition)
6th Edition
ISBN: 9780134125756
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 18, Problem 18.1.1RQ
To determine

What is public choice model.

Expert Solution & Answer
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Explanation of Solution

Public choice model is a model that applies economic analysis to government decision making. In other words, it is model that is used to analyze government decisions making.

Economics Concept Introduction

Concept introduction:

Public choice model: Public choice model can be defined as, it is a mode that applies economic analysis to government decision making.

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