An Interest Group That Typically Focuses on One Particular Industry

question 30

Multiple Choice

An interest group that typically focuses on one particular industry, with members of the group being drawn exclusively from that industry, is referred to as a(n)

• A) trade association.
• B) employee association.
• C) economic association.
• D) fraternity.
• E) business and industry group.

---

Definitions:

Redistributes Income

The process by which government policies, taxation, and public spending aim to adjust the allocation of income across a society.

Efficiency

describes the extent to which resources are allocated in a way that maximizes the output or outcome, often considering waste minimization and optimal allocation in economic contexts.

Equality

A condition of parity, particularly in matters of status, rights, and chances.

Economic Pie

A metaphorical term indicating the total amount of wealth or resources available for distribution within an economy.