A Common Assumption That Economists Make About the Behavior of Elected

question 154

Multiple Choice

A common assumption that economists make about the behavior of elected officials is that they try to:

• A)maximize the size of their government salaries.
• B)maximize their control over the budget process.
• C)maximize the number of votes they receive in the next election.
• D)minimize the government's expenditures in order to balance the budget.
• E)conform to the wishes of special interest groups so that the government behaves as a single,consistent decision maker.

---

Definitions:

Statistical Evidence

Data or information collected and analyzed to support or refute a hypothesis, often derived from statistical tests.

Alternative Hypothesis

A statement that contradicts the null hypothesis and is tested to determine if there is significant evidence to support it.

Test Statistic

A value calculated from sample data used to make a decision on whether to reject the null hypothesis.

Null Hypothesis

A default hypothesis that there is no significant effect or difference, usually tested against an alternative hypothesis in statistical analysis.