11. Describe the advantages and disadvantages of electing a political leader who is known to favor harsh

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11. Describe the advantages and disadvantages of electing a political leader who is known to favor harsh military reprisals against foreign aggression, even when such reprisals are highly injurious to our own national ­interests. (LO5)

12. Explain why rational voters whose happiness depends on relative consumption might favor laws that require them to save a certain portion of each year’s earnings for retirement. (LO6, LO7)

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Principles Of Microeconomics

ISBN: 9781264250387,9781264250448

8th Edition

Authors: Robert H. Frank , Ben Bernanke , Kate Antonovics , Ori Heffetz

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