Economists Often Analyse the Interaction of Individuals and Firms in Markets.Economists

question 112

Multiple Choice

Economists often analyse the interaction of individuals and firms in markets.Economists also examine the actions of individuals and firms as they attempt to use government to make themselves better off at the expense of others, a process that is referred to as

• A)rent seeking.
• B)logrolling.
• C)government failure.
• D)the public choice initiative.

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Definitions:

Nazis

Members of the National Socialist German Workers' Party, a far-right political party in Germany led by Adolf Hitler from 1920 to 1945, responsible for the Holocaust and World War II atrocities.

Attitude

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Explicit

Information or content that is stated clearly and in detail, leaving no room for confusion or interpretation.

Implicit

Implied or understood though not directly expressed; involving attitudes, beliefs, or reactions that are automatic and unconscious.