The Field of Political Economy

question 428

Multiple Choice

The field of political economy

• A)casts aside most of the standard methods of economic analysis.
• B)is also referred to as the field of public choice.
• C)is also referred to as the field of macroeconomics.
• D)produces the conclusion that democratic principles rarely lead to desirable economic outcomes.

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Definitions:

Governing Document

A formal record that establishes the rules, regulations, or principles by which an organization or entity is governed.

Certificate of Authority

A document issued by a state government granting a company permission to do business in that state as a foreign (out-of-state) entity.

Charter

A charter is a legal document that establishes a corporation or municipality, outlining its rights, privileges, and operations.

Promoters of a Corporation

Individuals or entities involved in the creation and organization of a corporation, including raising capital and completing legal formalities before registration.