Public Choice Analysis Suggests That the Primary Motivating Factor for Politicians

question 19

Multiple Choice

Public choice analysis suggests that the primary motivating factor for politicians will be finding the policies that are most likely to

• A) get them reelected.
• B) improve economic efficiency.
• C) improve the welfare of society as a whole.
• D) anger the interest groups that provide substantial contributions to their campaigns.

Grasp the concept of the factor's supply and demand curve in the labor market.

Understand how firms make hiring decisions based on the marginal revenue product of labor.

Analyze how changes in product demand and technology affect the marginal revenue product of labor and subsequently labor demand.

Understand the relationship between product market behavior and labor market outcomes.

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Definitions:

Ethical Behaviour

Acting in ways consistent with societal norms and values concerning moral principles, including honesty, fairness, and integrity.

Supervisors

Individuals within an organization responsible for overseeing and managing the work of other employees or teams.

Peers

Individuals who are at the same level or rank in an organization or in the context of a particular situation.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws.