Which of the following statements is true?
A. Special interest groups are more likely to push for policies that increase the size of the economic pie than to increase their slice of the pie.
B. Special interest groups are likely to push for policies that increase the size of their slice of the economic pie even if it means that the overall size of the economic pie will shrink.
C. Special interest groups are more likely to favor policies that increase the size of their slice of the economic pie than policies that favor economic growth.
D. a and c
E. b and c
Answer: E
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According to the classical model shown above, an autonomous decline in investment shifts the investment schedule to the left. Furthermore, the equilibrium interest rate declines. Distance A describes an interest rate induced
a. decline in saving, which is an equal increase in consumption. b. increase in investment. c. decrease in investment. d. decline in saving, which exceeds the increase in consumption.
Over the past two decades, the U.S. has persistently exported more goods and services than it has imported
a. True b. False Indicate whether the statement is true or false