A Common Assumption That Economists Make About the Behavior of Elected

question 84

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 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.

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Definitions:

Debit

The left side of an account.

Cash

Money in the form of coins or banknotes, especially that held by an organization or individual.

Current Ratio

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year with its current assets.

Account Receivable

Money owed to a business by its clients or customers for goods or services delivered or used on credit but not yet paid for.