Economic Groups Have an Advantage Over Noneconomic Groups in Part

question 35

Multiple Choice

Economic groups have an advantage over noneconomic groups in part because

• A)they nearly always have larger memberships.
• B)they are organized primarily for political purposes.
• C)they have better leadership.
• D)they have greater access to financial resources.
• E)their members are committed to their causes.

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Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger individuals with disabilities.

Federal Budget Deficit

The financial shortfall when the federal government's expenditures exceed its revenues in a fiscal year.

Aggregate Supply

The total supply of goods and services available to a particular market from producers at various price levels, in the context of macroeconomic analysis.

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.