By Implementing the Laws and Policies Passed by Elected Officials

question 65

Multiple Choice

By implementing the laws and policies passed by elected officials, bureaucrats can be seen as

• A)principals of Congress and the presidency.
• B)principals of the American people.
• C)simple cogs in the machine with little influence on policy.
• D)enablers of frequent sweeping change in public policy.
• E)agents of Congress and the presidency.

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Definitions:

N Risky Securities

A term referring to a collection of investments that carry a significant level of risk, where 'N' indicates the number or variety of such risky assets.

Risk Level

The potential for losing something of value, measured in the context of investment as the uncertainty regarding the return or the possibility of losing some or all of the original investment.

Capital Allocation Line

A line on a graph that shows the risk-reward ratio of different portfolios, helping investors understand their options for achieving a desired balance.

Risk-averse Investors

Investors who prefer to minimize uncertainty and potential loss in their investment choices, often opting for safer, more predictable investments.