A Subsidy

question 41

Multiple Choice

A subsidy:

• A)should be provided when there are spillover costs
• B)should be provided when there are spillover benefits
• C)should be provided only when a public good is being produced
• D)is appropriate when businesses are guilty of polluting
• E)is appropriate for products such as cigarettes and alcohol

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Definitions:

Elite Theory

Elite theory posits that a small minority, consisting of members of the economic elite and policy-planning networks, holds the most power, and that their power is independent of democratic elections.

Pluralist Theories

Frameworks suggesting society is comprised of diverse and competing interest groups with no single group dominating, leading to a balance of power.

Pluralist Theory

A theory in sociology and political science that suggests power is distributed among many groups and interests in a society.

Union Members

Individuals who belong to an organized group of workers formed to protect their collective interests and rights in the workplace.