ECN 206 Grantham University Politicians and Economic Thinking Discussion


Question Description

I’m stuck on a Economics question and need an explanation.


Politicians  have a strong incentive to follow a strategy that will enhance their  chances of getting elected and re-elected.  Political competition more  or less forces them to focus on how their actions influence their  support among voters and political contributors.

Are voters likely to be well informed on issues and the positions of candidates?  Why or why not?

Review  concepts like shortsightedness and rent seeking.  What are the effects  of government intervention in markets with some of the price regulations  like price floors and price ceilings