Which statement best describes a special-interest issue?
A. It is a program or policy that is adopted during a special session of Congress or a state legislature
B. It is an issue in which both the supporters and opponents use paid lobbyists to represent their interests
C. It is a program or policy which one political party strongly supports and other political parties strongly oppose
D. It is a program or policy in which a large number of people will suffer small costs and a small number of people will receive large gains
D. It is a program or policy in which a large number of people will suffer small costs and a small number of people will receive large gains
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An example of a person who is counted as unemployed is a:
A. retired worker below the mandatory retirement age. B. part-time worker who would like to work full-time. C. senator who resigns her job to run for president. D. student going to school full-time.
What is scarcity, and why is it a fundamental concept in economics?
What will be an ideal response?