The Main Reason Special Interest Groups Are Able to Get

question 102

Multiple Choice

The main reason special interest groups are able to get costly programs enacted that favor their interests is that

• A)politicians are corrupt.
• B)those in special interest groups have no morals.
• C)many politicians are members of such special interest groups, and they have similar interests.
• D)program costs are spread out, so individuals have little incentive to lobby against such programs.
• E)special interest group representatives are very persuasive, and they convince the majority of voters of the need for such programs.

Explain the rationale behind government policies of price control for political or social objectives.

Assess the formation and impact of black markets as a response to binding price controls.

Distinguish between binding and non-binding price controls and their relevance to market outcomes.

Examine the specific examples of price controls in various countries and industries, and their outcomes.

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Definitions:

Section 402A

A section of the Restatement (Second) of Torts in American law that addresses the liability of the seller for harm caused by a product despite the absence of a contractual relationship.

Preemption

A legal doctrine under which a higher authority's laws take precedence over those of a lower authority when both entities have the power to legislate on a subject.

Mootness

A concept whereby a case is deemed inadmissible for judicial review if the underlying issue has been resolved or rendered irrelevant.

Ripeness

A criterion used in constitutional law to determine if a court case is premature for review because the issues involved have not yet fully developed.