The Idea That "Competition Keeps Powerful Interest Groups in Check

question 58

Multiple Choice

The idea that "competition keeps powerful interest groups in check and no single group dominates" is represented in

• A) interest group theory.
• B) pluralist theory.
• C) elite theory.
• D) transactional theory.

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Definitions:

Variable Input

Inputs or resources whose quantity can be changed in the short term to adjust the level of production, such as labor or raw materials.

Labor Market

The marketplace in which employers find workers and workers find jobs, characterized by the demand and supply of labor.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding other factors constant.

Worker

An individual employed to perform tasks or services in exchange for compensation, such as wages or salaries.