Politicians Transform Information from Many Sources into Decisions About Policies

question 43

Multiple Choice

Politicians transform information from many sources into decisions about policies for the area they govern.When politicians follow poll results during legislative debate,the politicians are using ____ control.

• A)preliminary
• B)postaction
• C)screening
• D)financial
• E)structural

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time, often per hour or per year, for labor services.

Marginal Product of Labor

The additional output produced as a result of adding one more unit of labor, all else being constant.

Optimal Level of Resource Use

The most efficient, sustainable use of resources that maximizes benefits while minimizing negative environmental and economic impacts.

Marginal Revenue Product (MRP)

The additional revenue generated from employing one more unit of a resource, like labor or capital.