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:

Perceiver

An individual who observes, interprets, and makes sense of their surroundings, including people, situations, and information.

Inputs

Resources, information, or efforts that are put into a system or process in order to achieve desired outputs or results.

Perceptual Process

The sequence of steps that begins with stimuli in the environment and ends with our interpretation of those stimuli.

Perceptual Process

The sequence of steps that includes receiving, selecting, organizing, interpreting, and responding to sensory information from the environment.