Answered: Which of the below listed statements…

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section22.2: Political Economy

Problem 2QQ

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Which of the below listed statements DOES NOT reflect what Charles Wheelan has written in chapter 8, "Power of Organized Interests," in the book, Naked Economics?

A) Politicians and their support can be influence as much by active political lobbying, as by financial support.

B) The author believes that only unscrupulous politicians support funding for specific projects known as funding "earmarks."

C) "Earmarks"which direct federal money to a specific project in a member's district (such as the "bridge to nowhere" in Alaska) are appended on to major bills (such as the transportation bill). When the broader (transportation) bill passes the "pork" expense item will also get through without a formal Congressional review. By itself such a spending item would not have received Congressional approval.

D) Politicians get influenced by active special interest groups since the politicians need votes and money to remain in power.

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