The situation where "the few who yell the loudest gets heard" is referred to as the:

A. Special-interest effect
B. Principal-agent problem
C. Moral hazard problem
D. Adverse selection effect

A. Special-interest effect

Economics

You might also like to view...

Education, public libraries, and museums are examples of

a. public goods b. merit goods c. transfer payments d. subsidies e. cooperative goods

Economics

Figure 2-3


shows the production possibilities frontier for a music processing plant that can produce both compact disks and cassettes. The opportunity cost of moving from point B to C is
a.
20 cassettes
b.
120 compact disks
c.
100 cassettes
d.
60 compact disks
e.
180 compact disks

Economics