The Observation That Politicians Tend to Think Practically and Political

question 21

Multiple Choice

The observation that politicians tend to think practically and political scientists think abstractly is indicative of which of the following?

• A)Political scientists often train politicians.
• B)Politicians often train political scientists.
• C)Political scientists study politicians.
• D)Political scientists and politicians are often indistinguishable.

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Definitions:

Socially Efficient

An economic condition where the allocation of resources maximizes social welfare, often where marginal cost meets marginal benefit.

Negative Externalities

Costs that are suffered by a third party as a result of an economic transaction or activity, for which they are not compensated.

Tobacco Industry

The sector of the economy involved in the manufacture, marketing, and sale of tobacco and related products.

Corrective Tax

A tax designed to encourage or discourage certain behaviors to correct for the effects of externalities.