Subsidy Programs That Provide Benefits to Well Organized Interest Groups

question 67

Multiple Choice

Subsidy programs that provide benefits to well organized interest groups will

• A) be unattractive to elected political officials.
• B) be highly attractive to elected political officials.
• C) be attractive to elected political officials only if the subsidies reduce the cost of supplying the good.
• D) be attractive to elected political officials only if the subsidies increase the efficiency of resource use.

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Definitions:

Professional

An individual who is expert and skilled in a particular field, typically requiring specialized education and training.

Client Consent

Agreement from a client, often required by law or professional standards, before certain actions are undertaken on their behalf.

Professional Negligence

The failure of a professional to perform their duties with the competence that their profession requires, resulting in harm or loss.

IRS

The Internal Revenue Service (IRS) is the U.S. government agency responsible for the collection of taxes and enforcement of tax laws.