In General, Why Does the Public Tend to Dislike Interest

question 2

Multiple Choice

In general, why does the public tend to dislike interest groups?

• A) They do not offer equal representation to all.
• B) They only represent big business.
• C) They take funding away from social services.
• D) They are made up of one of the two major political parties.
• E) They have a basis in socialism.

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Definitions:

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into forms that can be used for transactions or investments.

Von Neumann-Morgenstern

A utility theorem that represents individuals' preferences over risky choices, and is foundational in expected utility theory.

Utility Function

A mathematical model in economics that represents how different quantities of goods or services can provide satisfaction to consumers.

Income

The reward garnered over time, generally in a consistent pattern, from occupational or investment sources.