Special interest groups
A) often gain from public policies that may not be in accord with the interests of the general public.
B) never gain from public policies that are not in accord with the interests of the general public.
C) always gain from public policies that are not in accord with the interests of the general public.
D) never lobby for public policies that are not in accord with the interests of the general public.
E) always lobby for public policies that are not in accord with the interests of the general public.
A
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The need for government subsidies of irrigation produced
(a) the Desert Land Act (1877). (b) the Interstate Commerce Commission Act (1887). (c) the Newlands Act (1902). (d) all of the above.
A monopolistically competitive firm differs from a perfectly competitive firm in that a monopolistically competitive firm: a. faces a downward-sloping demand curve for its product
b. faces a horizontal demand curve at the market-clearing price. c. is able to earn profits in the long run. d. faces virtually no barriers to entry.