Public Support for Interest Groups Is Varied

question 39

Multiple Choice

Public support for interest groups is varied. James Madison argued that interest groups ______________________________.

• A) are good for society because they give citizens alternative methods of influencing government
• B) are dangerous and should be banned by legislation
• C) could not be eliminated without destroying liberty itself
• D) lead to insurrection in government
• E) are harmless methods of building camaraderie and fellowship among citizens

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Definitions:

Barriers To Entry

describe the obstacles or hindrances that prevent new competitors from easily entering an industry or area of business.

Sustained Competitive Advantage

An enduring edge over competitors gained by offering consumers greater value, either through lower prices or by providing more benefits that justify higher prices.

Difficult To Imitate

Referring to a unique characteristic or attribute of a product or service that competitors find hard to replicate.

Supplier Power

The ability of providers of goods or services to influence the terms and conditions of supply, affecting market prices and the competitiveness of buyers.