Which of the following is true?
a. To remain in office, a politician must try to enact policies that gain him votes for his reelection and increase the support coming from contributors.
b. A politician always attempts to pursue policies that are good for society even if they are strongly opposed by many of her constituents or contributors.
c. Politicians generally place more weight on how their decisions affect future costs and benefits than on how they affect present costs and benefits.
d. The value of being in office is so low that most political candidates spend very little on campaigns to try to win (or keep) elected office.
A
You might also like to view...
Which of the following futures contracts is available on the various commodity exchanges in the United States?
A) Treasury bond futures B) Investment-grade bonds C) Over-the-counter stocks D) U.S. savings bonds
Refer to the table below. What is the probability of selling exactly 23 cakes?
The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
A) 0.20
B) 0.10
C) 0.30
D) 0.00
An excellent example of price leadership can be found in
A. automobiles. B. oil. C. banking. D. cigarettes.
Empirical evidence suggests that money is not always neutral, which is consistent with
a. an equilibrium business-cycle model. b. a price-misperceptions model. c. a real business-cycle model. d. a wage-imperfections model.