Live and Teach Better Is an Interest Group That Was

question 18

Multiple Choice

Live and Teach Better is an interest group that was lobbying members of Congress to improve the health benefits of teachers in Wisconsin.Only about 20 percent of the total number of teachers in Wisconsin are members of the group and contribute to it.Recently,it was successful in lobbying for better health benefits for teachers throughout the city.Even though most of the teachers in the city did not make an effort to help the members of the interest group,they were able to enjoy the improved health benefit plans.In this scenario,the problem faced by the members of the interest group is known as the _____.

• A) dispersed cost problem 
• B) union decline problem​ 
• C) free rider problem​ 
• D) independent expenditure problem​ 
• E) free rater problem​

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Definitions:

Price Lining

A pricing strategy where products are sold at a limited number of price points, each representing a different level of quality or features.

Prestige Pricing

A pricing strategy where prices are set higher than normal because the product or service is perceived to be more prestigious or luxurious.

Odd Pricing

A pricing strategy where goods are priced slightly below a round number, such as $1.99 instead of $2.00, to make the price seem lower to consumers.

Advertising

The act of promoting products, services, or brands through various media channels to attract and inform potential customers.