Because Interest Groups Are Primarily Motivated by Business and Center

question 63

Multiple Choice

Because interest groups are primarily motivated by business and center on particular industries, their influence is seen most clearly in which of the following?

• A)Military policy
• B)Foreign aid policy
• C)Foreign economic policy
• D)Climate policy

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Definitions:

Diminishing Marginal Utility

Diminishing Marginal Utility is an economic concept stating that as a person consumes more of a good or service, the satisfaction (utility) gained from consuming each additional unit decreases.

Total Utility

The total satisfaction or benefit that a person receives from consuming a given total quantity of a good or service.

Budget Constraint

The limitations on the consumption bundles that a consumer can afford with a limited budget at given prices.

Utility

In economics, a measure of satisfaction or enjoyment obtained from consuming goods and services.