Examlex
Which statement explains why government bureaucracies tend to become influential interest groups?
Market Imperfections
Conditions within the marketplace that prevent the efficient allocation of resources or the achievement of market equilibrium, such as monopolies, externalities, or information asymmetries.
Persistent Unemployment
The continuous existence of high levels of unemployment within an economy over an extended period, often indicating structural economic problems.
Mainstream Economics
A body of economic thought and theory that is widely accepted and practiced by economists and policy makers, characterized by a focus on markets, efficiency, and equilibrium.
Paid
Receiving money or compensation in exchange for work or services rendered.
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