A Political Equilibrium Can Never Be Reached Without Voters, Firms

question 118

Multiple Choice

A political equilibrium can never be reached without voters, firms, politicians and

• A) market prices.
• B) indifference curves.
• C) public costs.
• D) bureaucrats.

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Definitions:

Reference Groups

Social groups that individuals use as a standard for evaluating their own behavior, attitudes, and values.

External Social Environment

The external factors in society that influence an organization's operation, including cultural, demographic, and social aspects.

Behavior

Refers to the actions and mannerisms made by individuals, groups, or systems.

Thought Process

The mental steps involved in processing information, solving problems, or forming judgments and opinions.