What Is the Definition of Microeconomics

question 1

Multiple Choice

What is the definition of microeconomics?

• A) monetary policy as it pertains to specific industries
• B) fiscal and monetary policy on a national level
• C) the interactions of aggregated national and international economic data
• D) individual companies, markets, or households

Define public interest groups and discuss their strategies and interaction with elites.

Understand the significance of the collective action problem in the context of interest group politics.

Recognize the implications of high financial spending by interest groups on democratic systems.

Understand different strategies used by political interest groups.