Author Question: The economic way of thinking views government as a social institution A) in which people do not ... (Read 61 times)

cnetterville · **on:** Jun 29, 2018

The economic way of thinking views government as a social institution

A) in which people do not compete.
B) in which the public interest has priority over private interests.
C) whose actions are controlled by the will of the majority.
D) whose actions are determined by individuals' perceptions of their self-interest.

Question 2

A corn-chip maker who buys September corn futures in May at the time she signs a contract with Safeway to deliver 1000 cases of corn chips each month for the next year is

A) competing against speculators, who profit from price fluctuations.
B) increasing her risk from price fluctuations.
C) reducing her risk from price fluctuations.
D) reducing or increasing her risk from price fluctuations, depending on what subsequently happens to the price of corn.