Political freedom can sometimes moderately reduce economic growth because
A. campaign contributions lead to reductions in investment.
B. special interest groups may gain at the expense of the overall economy.
C. most jobs are in unions that are politically connected.
D. all of these.
Answer: B
You might also like to view...
Which statement best defines the classical perspective?
a. Aggregate supply determines aggregate demand. b. Aggregate demand does not matter for anything. c. Aggregate supply determines real variables such as output. d. Aggregate demand determines all endogenous variables.
The aggregate supply curve describes the same relationship between price and quantity as a microeconomic supply curve
a. True b. False
While GDP includes what is spent on environmental protection, healthcare, and education, it does not include _________ levels of environmental cleanliness, health, and learning.
a. actual b. historical c. future d. planned
An externality arises when a person engages in an activity that influences the well-being of
a. buyers in the market for that activity and yet neither pays nor receives any compensation for that effect. b. sellers in the market for that activity and yet neither pays nor receives any compensation for that effect. c. bystanders in the market for that activity and yet neither pays nor receives any compensation for that effect. d. Both (a) and (b) are correct.