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:

Variance

A measure of the dispersion of data points around the mean, indicating how much the numbers in a set differ from the average.

Obtained Value

Refers to the specific outcome or result found in a statistical analysis or experiment.

Equation

A mathematical statement that asserts the equality of two expressions.