Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

We all know there are lots of no-good, lying, dishonest politicians who have no real-world business experience. Many of them can't even understand simple supply

We all know there are lots of no-good, lying, dishonest politicians who have no real-world business experience. Many of them can't even understand simple supply and demand concepts that are taught in microeconomics. Yet many of them will say anything or do anything to get elected because they are simply power-hungry and love the money that flows in from special interest groups that will make them rich. When a politican like this puts their own interests ahead of the voters, then what do we call this in economics?

What is the answer?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Economics

Authors: Dennis Appleyard, Alfred Field

8th Edition

978-0078021671, 0078021677

More Books

Students also viewed these Economics questions

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago

Question

2. To store it and

Answered: 1 week ago