The Group of Economists Who Believe Politicians Are Subject to the Laws

question 23

Multiple Choice

The group of economists who believe politicians are subject to the laws of demand and supply and focus on this in their analysis are known as:

• A) public choice economists.
• B) radical economists.
• C) orthodox economists.
• D) libertarian economists.

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Definitions:

Ethical Problem

A dilemma or situation that requires an individual or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Business Decisions

The process by which a company determines and implements strategic actions to achieve its objectives.