When politicians support policies that benefit small interest groups, such as farmers, at the expense of unorganized, widely dispersed groups, for example, taxpayers or consumers, this is a reflection of the
a. tragedy of interest.
b. special-interest effect.
c. unorganized interest effect.
d. shortsightedness effect.
B
Economics
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The statement, "My iPhone is worth $300" represents money's function as
A) a standard of deferred payment. B) a unit of account. C) a store of value. D) a medium of exchange.
Economics
What does it mean for a country to have an absolute advantage in producing a product?
What will be an ideal response?
Economics