Economist Mancur Olson Refers to What Aspect of Interest Groups

question 40

Multiple Choice

Economist Mancur Olson refers to what aspect of interest groups as "the size factor"?

• A)Larger interest groups are able to draw on greater financial resources,which makes them more capable of getting the ear of lawmakers and thus achieving policy change.
• B)The interests of groups with large memberships would typically prevail over the interests of smaller groups.
• C)Small groups are ordinarily more united on policy issues and often have more resources,enabling them to win out more often than large groups.
• D)The smaller an interest group,the more likely that its motivating issue will be subsumed by the agenda of a larger interest group.
• E)Small interest groups can often enhance their bargaining power by linking themselves to the agenda of a larger interest group that has greater resources.

Understood the concept of total revenue and how it relates to price and quantity.

Distinguish between fixed, variable, and total costs in the context of product pricing and profitability.

Calculate contribution margin and understand its significance in pricing decisions.

Identify examples of fixed and variable costs in a business context.

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Definitions:

Demographic Transition

A model that describes the economic and social changes that lead to declining birth and death rates in a society.

Population Patterns

The distribution, composition, and change over time of people in a given area, often analyzed for demographic insights.

Degree of Development

A measure of a country's economic, social, and technological progress.

Collective Behavior

The actions, thoughts, and feelings of a relatively temporary and unstructured group of people.