In Order to Overcome the ________,Interest Groups Often Provide ________

question 45

Multiple Choice

In order to overcome the ________,interest groups often provide ________ to their members.

• A)free-rider problem; collective goods
• B)free-rider problem; selective benefits
• C)principal-agent problem; collective goods
• D)principal-agent problem; selective benefits

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Definitions:

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, designed to automatically adjust to help stabilize an economy.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and within a given time period.

Spending Changes

Refers to fluctuations in the amount of money spent by consumers, businesses, or the government.

Social Security

A government program designed to provide financial assistance to elderly, disabled, and survivors through retirement benefits, disabilities, and other means.