A Special-Interest Issue Is One That

question 54

Multiple Choice

A special-interest issue is one that

• A) allocates the cost of the activity in accordance with the benefits received.
• B) benefits a small, well-organized interest group at the expense of taxpayers or consumers.
• C) benefits everyone and imposes a cost on everyone.
• D) benefits a small, well-organized interest group but makes that group pay for the cost of the program.

---

Definitions:

Market Price

The actual selling price of a good or service in the marketplace at any given time.

Face Value

The nominal or original value printed on a security or financial instrument, such as a bond or stock certificate, indicating its worth at issuance.

Coupon Rate

The yearly interest yield on a bond, shown as a percentage of its nominal value, disbursed from the date of issuance to the date it matures.

Present Value

A calculation that determines the current value of an amount of money to be received in the future, discounted at a specific interest rate.