The idea that people are "risk adverse"—that is, they are more concerned with potential loss than gain is associated with
a. game theory.
b. prospect theory.
c. two-level game theory.
d. bureaucratic politics model.
e. None of the above is true.
B
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How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith?
a. Laissez-faire policies advocate for "cutthroat" capitalism, while Keynesian policies seek to spread wealth equally among a nation's citizens. b. Laissez-faire policies advocate for increased spending and stimuli for government-run businesses, while Keynesian economics argues for a hands-free approach. c. Keynesian policies advocate for increased government control of economics, while traditional laissez-faire economics argues for a hands-free approach. d. The more liberal laissez-faire economies distribute wealth more evenly among society, while Keynesian economics tends to distribute wealth among the top one percent.
Compared to the president and Congress, the bureaucracy
A. has a more direct impact on the daily lives of Americans. B. is held in higher esteem by the public. C. is more easily controlled by the voters. D. has changed very little during the nation's history. E. is authorized by a constitutional amendment rather than by the original Constitution.