A Common Assumption That Economists Make About the Behavior of Elected

question 154

Multiple Choice

A common assumption that economists make about the behavior of elected officials is that they try to:

• A)maximize the size of their government salaries.
• B)maximize their control over the budget process.
• C)maximize the number of votes they receive in the next election.
• D)minimize the government's expenditures in order to balance the budget.
• E)conform to the wishes of special interest groups so that the government behaves as a single,consistent decision maker.

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Definitions:

Institutional Identity

The collective way an organization presents itself to the public and stakeholders, encompassing its mission, values, culture, and image.

Strategy Pursued

The specific approach or course of action adopted by an organization or individual to achieve a set goal or objective.

Common Directions

Guidelines or instructions shared among a group to ensure cohesive movements or decisions.

Business-Level Strategy

A plan that outlines how a company will compete in a particular market, including choices about product and service offerings.