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Political Scientists Call Voters' Choices That Focus on Future Behavior

question 49

Multiple Choice

Political scientists call voters' choices that focus on future behavior ______,while those based on past performances are called ______.


Definitions:

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.

Consumer Surplus

The gap between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.

Willing to Pay

The maximum amount a consumer is prepared to spend to purchase a good or service.

Actual Price

The price at which goods or services are sold in the market, often influenced by supply and demand.

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