According to C

question 21

Multiple Choice

According to C. Wright Mills, the base of power in American society is found in a group comprised of federal government, big business, and

• A) veto groups.
• B) interest groups.
• C) the military.
• D) ivy league colleges.

---

Definitions:

Resource Shiftability

The flexibility with which resources can be shifted from producing one product to another in response to changing market demands.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced in a given time period with available resources.

Consumer Goods

Products and commodities bought and used by individuals and households for personal consumption.

Capital Goods

Long-lasting goods that are used in the production of other goods and services but are not themselves part of the end product.