Which of the Following Increases the Political Power of Special

question 181

Multiple Choice

Which of the following increases the political power of special interest groups and makes counterproductive government action more likely?

• A) logrolling and pork barrel legislation
• B) the rational-ignorance effect
• C) public goods
• D) both a and b, but not c

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Capital Account

An account showing the net worth of a business at a specific point in time, including assets contributed by owners and profits.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and equity at a specific point in time.

Permanent Accounts

Accounts that carry their ending balances from one accounting period to the next, including assets, liabilities, and equity accounts.

Adjusting Entries

Adjusting entries are journal entries made at the end of an accounting period to update the accounts and ensure that the financial statements reflect accurate and fair amounts.