___________ Refers to a Tendency to Direct One's Behavior Toward

question 3

Short Answer

___________ refers to a tendency to direct one's behavior toward the acquisition of power and the manipulation of other people for personal gain.

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Definitions:

Tax

A mandatory monetary contribution or different sort of tax levied on a taxpayer by a government entity to finance government expenditure and assorted public costs.

Deadweight Loss

The loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is distorted.

Equilibrium

An economic situation in which no individual would be better off doing something different.

Perfectly Inelastic

A situation where the demand or supply for a good is completely unresponsive to changes in price.