Special Interest Group a Receives a 1/10,000^th Slice of the Economic

question 26

Multiple Choice

Special interest group A receives a 1/10,000^th slice of the economic pie (Real GDP) .It is seeking a transfer of $1,000.For group A to be indifferent between a transfer policy and an economic growth policy,economic growth must be ________________ times larger than the _________________.

• A) 1,000; transfer
• B) 10,000; transfer
• C) 100; transfer
• D) 10,000; transfer minus $1,000
• E) 1,000; transfer; minus $10,000

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

State

A politically organized community living under a government; the organization of society into a structured political entity with sovereignty over a defined territory.

Martin Luther King

An American Baptist minister and activist who became the most visible spokesperson and leader in the civil rights movement.

Malcolm X

An African American civil rights leader known for his advocacy for the rights of black Americans and his embrace of Islam.