Question

According to economic models of public choice, the objective of politicians is to

Group of answer choices

A) promote the public interest.

B) get elected and remain in office.

C) maximize free-ridership

D) maximize total public utility

Answer 1

Maximise total public utility.
In economic models, the role of politician is promoting the public interest. And also increase the level of public utility. Increasing this public utility can increase the economic welfare. Through protecting this interest of individuals can retain the power y this politicians. The ideas and the policies formed by the decision makers also give stress to the ideas and needs of the people in the economy. The ideologies were based on basic values and beliefs of public. The political economic theory comprises of liberalism, Marxism and economic nationalism.
The liberal concept among the economic factors helps the availability of resources to every individual. This may increase the progress of the economy and also improve the living standard of the people. This liberalism considered the wants of community is more important than the preference of individuals. The equal opportunity enhances the development more efficiently. Most of the economic politicians are very interested in gains and loss incurred with implementing the policies. They examine the utility of people who participate in political activity. With the limited resource the equality in distribution can be attained through the influence of this kind of political economists.