A Subset of the General Population That Holds an Intense

question 12

Multiple Choice

A subset of the general population that holds an intense preference with respect to a particular government activity is called a

• A) public-service group.
• B) special interest group.
• C) union.
• D) federation.

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Definitions:

Producer Surplus

The difference between the amount a producer is paid for a good compared to the least amount they would accept to produce the good.

Tax

An inescapable financial demand or another sort of fee imposed on a taxpayer by an arm of the government to fulfill government spending requisites and diverse expenditures for public services.

Good

An item or product that can be bought, sold, or provided in an exchange and is intended to satisfy a want or need.

Burden

In economic contexts, it often refers to the impact of taxes or regulations on individual or corporate finances.