Given Uncertainty, Individuals Attempt to Maximize Their

question 26

Multiple Choice

Given uncertainty, individuals attempt to maximize their:

• A)household income.
• B)expected utility.
• C)risk aversion.
• D)consumption.

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Definitions:

Interest Groups

Organizations that seek to influence public policy in favor of their specific interests without seeking political office.

House Rules Committee

A powerful committee in the U.S. House of Representatives responsible for determining under what rule other bills will come to the floor.

Appropriations Committees

Committees within legislative bodies that are responsible for determining the specific allocations of government spending.

Private Bill

A proposal for legislation that would apply to a specific individual or group of individuals, or corporate entity, rather than the public at large.