(Answered) Answer the following questions about politics and

Management Studies

Answer the following questions about politics and government budget activities.

a. Wolff argued that there are conflicting financial demands on the government's budget by the two different social classes (the rich and business vs. middle-income and poor) in capitalist economies. What are they and why are they different?

b. Wollf argued also that the contradiction between these two conflicting demands shapes politics. That is, "elected officials have neither raised taxes nor cut spending enough to bring them into balance." Would you consider this outcome as "vote-maximizing politicians representing the median voter" (as described in your textbook? Why (not)?

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