The Best Description of the Ideal of Pluralism Is That

question 3

Multiple Choice

The best description of the ideal of pluralism is that

• A) the public good should always trump individual interests.
• B) interests should be free to compete with each other for governmental influence.
• C) interest groups are factions that endanger liberty.
• D) democracy is best served by legalizing but regulating the influence of interest groups.
• E) interest groups are factions that endanger political and economic equality.

---

Definitions:

Price Elasticity

A determination of how price fluctuations affect the demand level for a good.

Demand Coefficient

A numerical measure of the sensitivity of demand for a good or service to a change in one of its determinants, such as price, income, or the price of related goods.

Buyer Responsiveness

THe degree to which consumers change their demand for a product or service in response to changes in its price or attributes.

Fixed Costs

Business expenses that remain constant regardless of the level of production or business activity, such as rent, salaries, and loan payments.