Special interest groups often
a. represent broad questions of public interest.
b. pursue rent-seeking behavior
c. do not use lobbying techniques.
d. have no effect on the political process.
b
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In the United States the distribution of income is relatively unequal, and output is relatively high, while in the former Soviet Union the distribution of income was more equal and output per worker was much lower. Give one possible explanation for this phenomenon.
What will be an ideal response?
At the time of the Civil War the most important crop in the South was _________.
Fill in the blank(s) with the appropriate word(s).
Monetary policy refers to the actions taken by the Treasury Department to set the level of the money supply
Indicate whether the statement is true or false
The marginal utility of a good (e.g., bananas) declines with increases in the consumption of that good. This phenomenon is referred to as the
A) Engel's Law. B) Law of Demand. C) Law of Diminishing Marginal Utility. D) None of the above.