Author Question: According to the authors of your text, a politician's interest in getting reelected A) expands ... (Read 77 times)

Chloeellawright · **on:** Jun 29, 2018

According to the authors of your text, a politician's interest in getting reelected

A) expands the politician's time horizon.
B) leads the politician to concentrate on policies capable of generating short-run benefits.
C) further encourages the politician to conform more to acting in the public interest.
D) is based chiefly on selfish interest.

Question 2

How does the textbook's notion of competition as a process differ from the model of perfect competition?

A) The process notion allows for uncertainty and incomplete information; perfect competition doesn't.
B) The process notion allows for price searching activity; perfect competition doesn't.
C) The process notion allows for product differentiation; perfect competition doesn't.
D) The process notion allows for a small number of participants; perfect competition doesn't.
E) For all of the above reasons.