Which of the Following Is One of the Major Differences

question 73

Multiple Choice

Which of the following is one of the major differences between political parties and interest groups?

• A) Contributions to interest groups are tax deductible, whereas contributions to parties are not.
• B) Federal law makes it illegal for an interest group to entangle itself with politics and elections, while these activities are legal in the case of political parties.
• C) Interest groups do not run candidates for office as do parties, though interest groups will endorse candidates.
• D) Political parties are government agencies whereas interest groups are private entities.
• E) Interest groups have very little influence in the development of legislation in Congress, whereas this is not the case for political parties.

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Definitions:

Opportunity Cost

Represents the value of the next best alternative forgone when a decision is made to choose one option over others.

Factors Of Production

Factors of production are the inputs needed for the creation of a good or service, including land, labor, capital, and entrepreneurship.

Unemployment Of Resources

Unemployment Of Resources refers to a situation where factors of production, such as labor and capital, are not being used in the production process.

Production Possibilities Curve

A graphical representation of the maximum quantities of two goods or services that an economy can produce when utilizing its resources fully and efficiently.