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Public Choice Theorists Argue That Special Interest Groups Are Important

question 44

Multiple Choice

Public choice theorists argue that special interest groups are important to legislators because they:

Identify the fundamental attribution error in social perception.
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Explain the role of self-esteem in the development of racism and prejudice.

Definitions:

Partnership

A legal arrangement where two or more individuals share ownership of a business, including its liabilities and profits.

Cooperative

An association, which may or may not be incorporated, that is organized to provide an economic service to its members. Unincorporated cooperatives are often treated like partnerships for tax and other legal purposes.

Joint Venturer

An individual or entity that collaborates with another party in a joint venture, sharing in the risks and rewards of the business endeavor.

Breach of Loyalty

A failure to remain faithful to commitments or obligations, particularly in a fiduciary or trust-based context.

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