Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506893
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 6, Problem 12CQ
To determine
Explain the public policy to protect the average citizen from the power of vested interest groups.
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We know that lobbyists can influence campaigns, elections, and public policy. A good definition of lobbying is:
Group of answer choices
A person or group of people who are paid by the federal government to do analysis of what people in America care about so that correct public policies can be created.
The act of lawfully attempting to influence the actions, policies, or decisions of government officials
A person or group of people who talk to legislators and help them implement public policy.
A person or group of people who are paid by legislators to help them implement public policy.
The economic theory of groups predicts that small groups are likely to be more prevalent and successful in achieving their goals than large groups because
a) large groups will have members with diverse interests.
b) large groups are hard for leaders to direct and control.
c) the free rider problem is less likely to occur in small groups than in large groups
d) all of the above.
Discuss the balance between power and accountability and individual freedom and government control. Do you think the U.S. government does a good job or a not- so-good job balancing? What sectors are balanced particularly well?
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Microeconomics: Private and Public Choice (MindTap Course List)
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