Which of the Following Is a Characteristic of Interest Groups

question 14

Multiple Choice

Which of the following is a characteristic of interest groups?

• A) Organizations with large memberships, especially, are usually able to gain access to the executive branch to express their views.
• B) It is common for a single corporation to maintain an office in Washington, DC to keep watch over activities that might affect the company.
• C) Large-membership organizations with substantial resources can usually gain access to congressional hearings.
• D) Most public interest groups are large-scale organizations that depend on donations from members to fund the group's activities.
• E) all of the above

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Definitions:

Labor Market

An economic marketplace that matches potential employers with employees based on their skills, job requirements, and wage expectations.

Wage

The amount of money that is paid to an employee by an employer, typically in exchange for the employee's labor, calculated on an hourly, daily, or piecework basis.

Value of Marginal Product

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

Profit

The financial gain achieved when the revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.