Which of the Following Explains Why Elected Representatives Will Find

question 179

Multiple Choice

Which of the following explains why elected representatives will find borrowing to be an attractive method of financing current government programs?

• A) the shortsightedness effect
• B) pork-barrel politics
• C) the invisible hand principle
• D) the public goods argument for government spending programs

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Definitions:

Intermediaries

Agents or businesses that act as a middleman in the distribution chain, moving products from producers to consumers.

Manufacturers' Agents

Independent sales agents who represent multiple manufacturers and their products without taking ownership of the goods.

Noncompetitive

Refers to a market situation where businesses face little to no competition, either due to monopolistic conditions or because they offer a unique product or service.

Complementary Merchandise

Products that are sold together or used jointly because they complement each other.