Author Question: In the economic way of thinking, speculation can only occur A) in a capitalist economy. B) in a ... (Read 27 times)

roselinechinyere27m · **on:** Jun 29, 2018

In the economic way of thinking, speculation can only occur

A) in a capitalist economy.
B) in a society where time-travel is possible.
C) under uncertainty.
D) under perfect information.
E) in an underground or illegal market system.

Question 2

Economic theory assumes elected and appointed government officials

A) place their personal or private welfare ahead of the public interest.
B) place the public interest ahead of any personal or private interests of their own.
C) are free to pursue the public interest because they aren't constrained by competition.
D) respond to the anticipated costs and benefits to themselves of decisions contemplated.