What is the primary concern about special interest groups?
a. They pressure legislators to enact laws that are not beneficial to the entire society.
b. They engage in bribery to ensure that legislation is passed without debate.
c. They are employed by politicians to determine the popularity of new legislation.
d. They advocate on behalf of corporations that have ties to illegal activity.
a. They pressure legislators to enact laws that are not beneficial to the entire society.
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Governance of a firm is not related to transparency issues
Indicate whether the statement is true or false
How many directors are on the boards for each of the 12 Federal Reserve banks?
(A) 12 (B) 7 (C) 15 (D) 9
Explain why wage rates might rise at Joe's Quik-Print Shop if Joe replaces his aging copy machines with state-of-the-art copy machines.
What will be an ideal response?
Producer surplus
A. Is the difference between the maximum price consumers are willing to pay for a product and the lower equilibrium price. B. Rises as equilibrium fall C. Is the difference between the maximum price consumers are willing to pay for a product and the minimum price producers are willing to accept. D. Is the difference between the minimum price producers are willing to accept for a product and the higher equilibrium price.