Which of the Following Statements About Interest Groups Is True

question 7

Multiple Choice

Which of the following statements about interest groups is true?

• A)Interest groups would rather tear down parts of the social structure than reform it.
• B)Interest groups will fight to protect existing social arrangements when they are beneficial to their members.
• C)Interest groups are completely averse to the status quo.
• D)Interest groups have no relationship to paths of dependence.

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Definitions:

Arbitrageur

Someone who takes advantage of tiny differences in the exchange rate across markets by simultaneously purchasing a currency in one market and selling it in another market.

Foreign Exchange

Trading one currency for another or transforming one currency into a different currency.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one country's currency is worth in terms of another's.

Foreign Exchange Rates

The price of one country's currency expressed in another country's currency, determining how much one currency is worth in terms of another.