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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Some individuals see national defense spending as benefiting special interests—in particular, the defense industry. Others see it as directly benefiting not only the defense industry but the general public as well. Does this same difference between viewpoints apply to issues other than national defense? Name a few.

To determine

Difference in viewpoints regarding benefits to special interest groups and general public.

Explanation

When the government introduces the policy of tax credit, some people may argue that the credit policy helps the big businesses to escape them from paying the taxes. Some people argue that the policy will help the general public by increasing the investment and expanding the capacity to produce and thereby leading to economic growth.

Some of the people observe the environmental legislation and ban of nuclear plants will affect their jobs and thereby their standard of living. Whereas, some people view that it is helpful for the general public...

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