Suppose That a Special Interest Group Makes Up 1% of Society

question 243

True/False

Suppose that a special interest group makes up 1% of society, and a proposed law would give them $10,000 of benefits but cost society $900,000. The special interest group will oppose this policy because the costs exceed the benefits.

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Definitions:

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central region, with values tapering off as they move away from the center.

Gifted Children

Children who exhibit a significantly higher level of intelligence or specific talent compared to their peers.

Terman's Study

A longitudinal study begun in 1921 by Lewis Terman that followed the lives of gifted children into adulthood to study their characteristics and development.

Longitudinal Study

A research method that involves observing the same subjects over a period of time, often years or decades, to detect developments or changes.