When consumers and firms are driven by rational self-interest and they seek to maximize utility and profit respectively, then a parallel assumption would be that elected officials attempt to:
a. best serve the public interest.
b. maximize hours worked.
c. maximize their political support.
d. fight for the oppressed and the disenfranchised, regardless of the political consequences.
c
Economics
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A change in the interest rate will generally affect the
A) level of investment. B) level of consumption. C) the amount of money people want to hold. D) All of these.
Economics
Which of the following would not be classified as a capital resource?
a. The Empire State Building. b. A Caterpillar bulldozer. c. A Macintosh computer. d. 100 shares of stock in General Motors.
Economics